25% tax imposed on luxury items, implementation of IMF conditions

-

The federal cabinet  has approved the implementation of 25  percent tax on luxury items in compliance with  imf conditions.

 

According to sources, the new tax rate will come into effect from March 1. Sales tax on imported mobile phones, auto CBU, chocolate, juices will be 25 percent.

 

Carpets, cosmetics, tissue papers, dogs and cat food are also among the items on which sales tax will be levied at the rate of 25 percent. Fish, footwear, fruits, dry fruits, furniture, ice cream, jam, jelly, leather jackets, shampoo, sunglasses, ketchup, traveling bags, suitcases, weapons, pasta, musical instruments and frozen meat will also attract 25 per cent sales tax.


Sources further said that 25 percent sales tax will also be applicable on home appliances, sanitary and bathroom items, doors, window frames, decoration equipment, crockery and cornflakes.

Comments

Post a Comment

Popular posts from this blog

I can hold the biggest meeting on 48 hours' notice: Altaf Hussain. Yes he can

-
 Altaf Hussain of the Muttahida Qaumi Movement in London has said he can hold the biggest rally today on 48 hours notice. His popularity can be gauged by his low voter turnout in recent by-elections in Karachi. He spoke at a press conference in Egware, London.   Altaf Hussain stated that if he is given a free hand, he can hold the largest rally in 48 hours even today. He has stated that MQM Pakistan has no status and that the only person known to the public is Altaf Hussain. 'Do you consider anyone as MQM except Altaf Hussain,' he asked the journalists and activists present at the press conference.   The MQM ruled Karachi in the 1980s and 1990s, and had a lot of influence in many urban areas of Sindh. It has been accused of violence, and security agencies have conducted operations against it. Altaf Hussain has said that the London court gave a decision in favor of MQM Pakistan in the properties case, and if the British Government and Bar Association of British Courts do n...
Read more

India instructs VPN companies to collect and store data for five and hand over to the government.

-
Image
 A new governmental order will require virtual private networks to store user data for a minimum of five years. This is new national directive of the country's IT emergency response team, called. Photo by Kevin Paster: Pexel This is a policy that is probably going to make life harder for VPN businesses and VPN users. CERT-in announced on Thursday that the VPN companies of the country will have to keep the names of the clients, the physical and IP addresses validated, the habits of use and other forms of personal information. If the customer cancels their subscription or deletes their account, their information will always be stored in the company's servers according to the directive. Those who fail to do so could face up to one year in prison under the applicable law cited in the new directive. The directive does not stop at VPN providers.Data centres and cloud-based providers are listed in the same provision. India has a long tradition of putting the heavy hand to online activ...
Read more

Everything you need to know about DDR5

-
Image
 DDR4 memory is found on most personal computers. The next generation memory standard is coming out. Computers users expect increased performance and optimal power consumption  in the new chips.  If we focus on raw data, the main changes include a reduction in the voltage from 1.2V to 1.1V, and the 8n prefetch buffer will be replaced by 16n prefetch buffers, i.e. 16 bits per hour will migrate from memory cells to the IO buffer, while performance will be scaled from 3.2 Gbps to 6.4 Gbps per I/O connection. We can expect increased performance as some memory makers  have managed to enhance JEDEC specifications for DDR4.  The design of the DDR5 memory modules is based on 288 needles. The application of DDR5 will requires a new platform.  The DIMM has been divided into two channels. A memory module offers two 32-bit channels, of which there will be twice 40 bits with ECC. Between 8 bytes to 16 bytes the minimum stroke length varies. Sense a module uses two chann...
Read more