Pakistan Specifies Luxury Goods Subject to Enhanced Sales Tax
Pakistan's Federal Board of Revenue has issued Sales Tax Notification 297(I)2023 on the application of an enhanced sales tax rate of 25% on the import and supply of luxury goods. The notification includes two tables listing goods subject to the application of the 25% rate. The first table lists several goods that are imported and supplied in Pakistan, including, vehicles, carpets, chocolates, …
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