The FBR is proposing taxes worth Rs350 billion on a wide range of products, including a 17% sales tax on imported mobile phones, computers, machinery, and plant supplies. In addition, under the Tax Laws Amendment Bill, 2021, there would be a lower rate of sales tax on raw materials used in the manufacturing of medicines.
A proposed 17% sales tax would be levied on a number of imports and domestic supplies. There will be an inflationary impact from the tax, which will be passed directly on to consumers as a price increase of 17 percent.
Source: AAJ TV