GOOD NEWS : GOVT. REDUCE TAXES ON CARS | FLOUR PRICE | SUGAR | PHONE | PM IMRAN KHAN | BUDGET | RATE

Federal Minister for Finance and Revenue Shaukat Tarin said Friday that the country was moving towards self-reliance and stability. In a tweet, the federal minister said that he had summarised the long-term benefits of budget 2021-2022 at the National Assembly on Friday. The finance minister said Prime Minister Imran Khan took bold and difficult decisions to steer the economy in the right direction. "Despite the COVID-19 challenge, we achieved a growth of 4% during the current fiscal year due to interventions made in different sectors, including industries, housing, and construction and agriculture," Tarin said. He said the tax relief earlier given to the auto sector for vehicles up to 850cc is being extended to 1,000cc vehicles, while the tax imposed on medical bills, GP fund and airy products is being withdrawn. Tarin said there will be no tax on mobile internet and SMS, while 75 paisas will be charged from users on a call of more than five minutes. The minister said there will be zero tax on registered IT platforms, while 2% tax will be charged from unregistered ones. There will be 17% tax on value added products of gold and tax on poultry is being reduced from 15% to 10%. On textile products, the tax has been reduced from 12 to 10 percent. Similarly, the tax rate on real estate has been reduced. Under the construction package, the ratio of income tax has been reduced from 35 percent to 20 percent. He said tax relief has also been given to oil refineries so that they could turn to Euro-5 fuel. The finance minister categorically stated that no tax has been imposed on flour and its products. @ImranKhanTodayNews #pmimrankhan #tax #flour #sugar #karachi #realestate

الفئة