The mini-budget has arrived, and new taxes of more than 70 billion have been imposed by the presidential ordinance

ISLAMABAD: The mini-budget has been implemented by the government, putting another burden on the people, new taxes of more than 70 billion rupees have been imposed through the Presidential Ordinance.

According to the Presidential Ordinance, a sales tax of up to 7.5% has been imposed on the electricity bills of traders, 5% sales tax will be imposed on the electricity bills of traders less than 20 thousand, and 7.5% on the bills of traders in case of a bill of more than 20 thousand. There will be a percentage sales tax, and the government is likely to get about Rs 27 billion in taxes from this initiative.

Federal excise duty on imported vehicles and the FED rate on imported cars, limousines, sports vehicles, and pickups have been increased through the mini-budget. By increasing the FED rate on imported vehicles, a tax of up to 14 billion will be available. FED rate has not been increased on imported vehicles used for public transport, 

According to the ordinance, the FED rate on imported vehicles of foreign diplomats was not increased, the ordinance was issued due to the non-session of the National Assembly and the Senate, and the tobacco cess was increased from Rs. 10 to Rs. 390 per kg. The tax on 1000 cigarettes has been increased to Rs 6,500, the income tax on diplomats, which was mistakenly imposed in the budget, has been abolished, the tax exemption on Kuwait Foreign Trade Contract Company has been restored, and the sales tax on electricity bills will be imposed on traders up to 7.5%.