VATupdate

Share this post on

IMF Recommends Reviving 18% GST on Petrol and Increasing Excise Duty on Luxury Items

  • IMF recommends reinstating 18% GST on petrol
  • Proposal to gradually increase excise duty on luxury items produced in Pakistan
  • Petroleum Development Levy has undergone changes in recent years
  • Proposal to impose Petroleum Development Levy on machinery that pollutes the environment
  • Proposal to increase excise duty on domestically manufactured cigarettes
  • Proposal to apply same tax rate to imported cigarettes as local cigarettes

Source: tribune.com.pk

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news

Advertisements:

  • VATupdate.com
  • AXWAY - VATupdate Banner