KARACHI: The Federal Board of Revenue (FBR) FBR will issue a statutory regulatory order (SRO) to impose 25% sales tax on a wide range of imported luxury and non-essential items.
This should generate additional revenue of Rs15 billion in the remaining period of 2022-23.
FBR officials informed that the list is ready and would be notified after approval of the mini-budget.
The board will impose a 25% sales tax on the import of:
Home appliances, Cosmetics, Crockery, Pet food, Private weapons and ammunition, Shoes, Chandeliers and lighting (except energy savers), Headphones and loudspeakers, Doors and window frames, Traveling bags and suitcases, Sanitary ware, Carpets, Tissue paper, Furniture, Shampoos, automobiles (CBU), Luxury mattresses and sleeping bags, Bathroom ware/toiletries, Heaters/blowers, Sunglasses, Kitchenware, Cigarettes, Shaving goods, Luxury leather apparel, Musical instruments, Saloon items like hair dryers and decoration/ornamental articles, Confectionery, Jams and jelly, Fish and frozen fish, Sauces, Ketchup, etc, Fruits, dry fruits (except from Afghanistan), and preserved fruits, Cornflakes, Frozen meat, Juices, Pasta, Aerated water, Ice cream and Chocolates (in retail packing).
An official said Letters of Credit (LCs) opening and clearance of stuck up import containers due to scarcity of USD is still at halt. There is possibilities that these goods may start coming via Afghan transit trade.