federal excise duty
More News
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Govt imposes fixed excise duty on labour visa air tickets to Gulf states
FBR specifies that the labour visa must be printed on the passengers' passports
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Over 42% of cigarettes sold are illegal: report
Reason behind surge in illegal cigarette sales is the significant increase in federal excise duty
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55% of capacity of major sectors couldn’t be traced
It leads to evasion of income tax, sales tax and federal excise duty
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Excise duty structure fuels counterfeit cigarette use: report
Estimates annual revenue losses of Rs310b, calls for govt strategy to combat illicit sales
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IMF proposes reviving 18% GST on petrol
There is also a proposal to gradually increase excise duty on luxury items produced in Pakistan
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KCCI demands date extension
KCCI president requested the FBR to extend date in larger interest of the revenue board and business community
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Govt may cut FED on soft drinks
Considers further reducing general sales tax of 3% to either 2% or 1%
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Tax collection stands at Rs278 billion in July
FBR misses target by Rs14b, faces daunting task of collecting Rs5.5tr in FY20
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Cigarette manufacturer backs FED of Rs300 per kg
Insists the levy will assist in documentation of the industry
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Budget 2019-20
The government has not only increased the cost of living, but it has also increased the cost of surviving
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Industry opposes more taxes on beverages
BMG chief believes it will lead to industry’s closure, cause unemployment
