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New Indirect Tax Rates Effective In Pakistan

by Mary Swire, Tax-News.com, Hong Kong

29 June 2016


On June 24, 2016, Pakistan's President Mamnoon Hussain assented to the Finance Act, 2016, giving effect to some of the indirect tax changes announced in the country's latest Budget.

The following provisions are effective from June 25, 2016:

  • Sugar is subject to a sales tax rate of eight percent, while agricultural tractors and urea fertilizer are taxed at the rate of five percent;
  • The sales tax on Category "B" and Category "C" mobile phones has increased from PKR500 (USD4.7) and PKR1,000 to PKR1,000 and PKR1,500, respectively;
  • Pesticides and their active ingredients are exempt from sales tax; and
  • Aerated waters and beverages are subject to an 11.5 percent excise duty, while excise duty on cement is charged at the rate of PKR1 per kg.

TAGS: Pakistan | Finance | tax | value added tax (VAT) | sales tax | excise duty | tax authority | Tax

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