{"id":92876,"date":"2023-03-09T12:26:59","date_gmt":"2023-03-09T07:26:59","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=92876"},"modified":"2023-03-09T12:27:10","modified_gmt":"2023-03-09T07:27:10","slug":"fbr-gst-luxury-items","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-gst-luxury-items.html","title":{"rendered":"FBR imposes 25% GST on luxury items from March 8"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) has imposed a 25% General Sales Tax (GST) on the import and local supply of luxury goods starting March 8, the news sources reported.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-dnfbps-money-laundering.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR issues new rules for DNFBPs to curb money laundering<\/a><\/p>\n\n\n\n<p>The FBR has imposed tax through an SRO 297(I)\/2023 issued late Wednesday night and has directed local tax authorities to<a href=\"https:\/\/www.zameen.com\/news\/fbr-impose-new-taxes-shortfall.html\" target=\"_blank\" rel=\"noreferrer noopener\"> charge tax on items<\/a> already in inventory or imported following the SRO release date. The luxury tax will be imposed on imported items, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Transportation: aircraft, ships, vehicles in Completely Built Up (CBU) condition, and locally manufactured\/assembled vehicles with an engine capacity of 1,400 cc and above<\/li>\n\n\n\n<li>Beauty: jewellery and cosmetics<\/li>\n\n\n\n<li>Tobacco: cigarettes<\/li>\n<\/ul>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/items-25-sales-tax-fbr.html\" target=\"_blank\" rel=\"noreferrer noopener\">List of items getting 25% Sales Tax ready: FBR<\/a><\/p>\n\n\n\n<p>However, the FBR SRO has exempted items specified in the Eighth Schedule to the Sales Tax Act, 1990, which includes computers, laptops, locally manufactured electric vehicles; road tractors for semi-trailers (Electric Prime Movers); electric buses; three-wheeled electric rickshaws; second-hand and worn clothing or footwear; cinematographic equipment. As per the source, the new GST will be charged on the value of the goods imported and their subsequent supply or retail price, as the case may be.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has imposed a 25% General Sales Tax (GST) on the import and local supply of luxury goods starting March 8, the news sources reported. Read: FBR issues new rules for DNFBPs to curb money laundering The FBR has imposed tax through an SRO 297(I)\/2023 issued late Wednesday night and has directed local tax authorities to charge tax on items already in inventory or imported following the SRO release date. The luxury tax will be imposed on imported items, including: Read: List of items getting 25% Sales Tax ready: FBR However, the FBR SRO has exempted items specified in the Eighth Schedule to the Sales Tax Act, 1990, which includes computers, laptops, locally manufactured electric vehicles; road tractors for semi-trailers (Electric Prime Movers); electric buses; three-wheeled electric rickshaws; second-hand and worn clothing or footwear; cinematographic equipment. As per the source, the new GST will be charged on the value of the goods imported and their subsequent supply or retail price, as the case may be.<\/p>\n","protected":false},"author":84,"featured_media":75334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[56660,54453,49011],"persona":[],"class_list":{"0":"post-92876","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-fbr-gst","9":"tag-fbr-news-and-updates","10":"tag-fbr-tax","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR imposes 25% GST on luxury items- Zameen News<\/title>\n<meta name=\"description\" content=\"The FBR imposed GST through an SRO 297(I)\/2023 issued late Wednesday night and has directed local tax authorities to charge tax on\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-gst-luxury-items.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR imposes 25% GST on luxury items- Zameen News\" \/>\n<meta property=\"og:description\" content=\"The FBR imposed GST through an SRO 297(I)\/2023 issued late Wednesday night and has directed local tax authorities to charge tax on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-gst-luxury-items.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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