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#TaxFreeBudgetByPTI:
▪ No new Taxes
▪ Tax Reliefs:
▪ All Customs Duties on 1,623 tariff Lines eliminated (20% of raw material imports)
▪ Reduction in Customs Duty on 200 tariff lines (intermediate imported goods/raw material like packaging, rubber, footwear, home appliances)
▪ No new Taxes
▪ Tax Reliefs:
▪ All Customs Duties on 1,623 tariff Lines eliminated (20% of raw material imports)
▪ Reduction in Customs Duty on 200 tariff lines (intermediate imported goods/raw material like packaging, rubber, footwear, home appliances)
#TaxFreeBudgetByPTI
Tax Relief:
▪ Regulatory Duty on 166 tariff lines reduced (e.g engineering sector, underground tanks, boilers, structures)
▪ Hot Rolled Coils (HRC) alloy of Iron and steel RD reduced to 6% (from 12.5%) and non-alloy to 11% (from 17.5%)
Tax Relief:
▪ Regulatory Duty on 166 tariff lines reduced (e.g engineering sector, underground tanks, boilers, structures)
▪ Hot Rolled Coils (HRC) alloy of Iron and steel RD reduced to 6% (from 12.5%) and non-alloy to 11% (from 17.5%)
#TaxFreeBudgetByPTI
Tax Relief:
▪ WHT (Withholding Tax) on raw material imports reduced to 2% (from 5.5%)
▪ WHT on imports of capital machinery to 1% (from 5.5%)
▪ WHT on imports of intermediate goods to 2% (from 5.5%)
▪ FED on cement reduced to 1.75% (from 2%).
Tax Relief:
▪ WHT (Withholding Tax) on raw material imports reduced to 2% (from 5.5%)
▪ WHT on imports of capital machinery to 1% (from 5.5%)
▪ WHT on imports of intermediate goods to 2% (from 5.5%)
▪ FED on cement reduced to 1.75% (from 2%).
