Category: #sales tax
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Sales Tax of 25% Applied on Domestically Assembled Automobiles
On Wednesday, the Economic Coordination Committee (ECC) authorized a 25% sales tax on domestically built vehicles, inflicting a blow to consumers who were already grappling with inflation.The committee’s meeting was chaired over by Dr Shamshad Akhtar, Federal Minister of Finance, Revenue, and Economic Affairs. Under the approved regulations, a 25% sales tax will be paid […]