FED in range of 2.5% to 7.5% imposed on locally assembled cars
KARACHI: The Federal Budget 2019-20 has proposed Federal Excise Duty (FED) in the range of 2.5% to 7.5% on locally manufactured or assembled motor cars, SUVs and other motor vehicles,…
FED at the rate of 17 percent proposed on edible oils, ghee
KARACHI: The Federal Budget 2019-20 announced on Tuesday has proposed Federal Excise Duty (FED) at the rate of 17 percent on edible oil and ghee. Vegetable ghee and cooking oil…
Sales tax on sugar increased to 17%
KARACHI: Federal budget 2019-20 has proposed to increase sales tax on sugar to 17% from existing 8.0%. Presently Sugar is subject to sales tax at 8%. This sector has huge…
New regime proposed to counter trade based money laundering
KARACHI: Money laundering is a menace and source of bad publicity and economic cost; therefore the government of Pakistan has proposed a completely new regime to curb the practice of…
Property valuation rates, market rates to be equal
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to jack up the valuation rates of properties for different cities in the upcoming budget for 2019-20 to bring it at…