Budget 2021-22: What is getting cheaper and what will cost more?

When the budget for 2021-2022 was presented to the Milli Majlis on Friday, it became clear to the government that works, kind of, so much of the population.

Earlier in the day, Prime minister Imran Khan has said that “everyone” with the budget and tax cuts in some of the areas in which it reflects the.

The budget includes the privileges and immunities of almost all the industries and new businesses and new products, which belongs to the treasure of the period seemed to be very small in comparison. The automotive industry is a major beneficiary of tax incentives for small cars and four-wheelers.

However, not all of that was great news for the consumer, and in particular, with the purposes of the Federal excise tax (FRS), mobile telephone services, and e-cigarettes.

This Dawn.com to see which products are going to be lower, which will cost you more in the new year, and what that’s going to start on July 1.

Cocoa paste and butter

The customs duties on the import of cocoa paste, grease, and dust will be reduced. It can also be said to be a reduction in the price of the product, and other baked goods. If you don’t like to be pampered, there are likely to be minor, at least in monetary terms.

Automobiles

Small cars:

The locally-produced vehicle with an 850 cc engine. cm,, and more will be exempt from the value-added tax (VAT) value-added tax, these vehicles will be reduced by 17 units of 12.5 units.

In addition, four of the vehicles will also be exempt from the payment of federal excise taxes. So, if you want to get a new ride for yourself, it will be easy for you, your wallet is what you have been looking for.

Electric vehicles:

The import of electric cars will be exempt from the value-added tax, whereas the tax rate for locally-made electric cars is going to be one percent.

Cropped shot of silver electric car at charging station with power cable supply plugged in against cityscape background. EV fuel, automobile industry, modern technology and clean energy concept

‘On money’ on car sales:

The government also believes that it is not “money” and the tax for vehicles sold without registration. “In the money”, or rewards, refers to the process of the eager shopper with an excess supply of money in my hand, please pay extra money for a car dealer to instantly rather than having to wait for months on end.

Mobile services:

Federal excise tax, the phone call, duration of no more than three minutes, then set in a fine of 1 rupiya-per-call, 0.1 rupiya, for each of the short message service (SMS and 5 rupees in each and every GB of data over the internet. The budget stated that the decision is to be made in order to make a purchase of a “reasonable ” profit” from the telecommunications industry, and will result in a “degree of” soft “for the taxation of a wide range of the population”.

The decision on mobile services, if implemented, would affect over 98 million people. — AFP

But in the hours after the budget was presented, Energy Minister Hammad Azhar said that the Fed would hold true for the Internet, data, saying that the Prime minister and the federal ministers, the cabinet had approved it.

“It’s going to be accompanied by the final draft of the Finance Act, budget to be submitted to the members of the Parliament,” he said on Twitter.

The decision, if implemented, would affect over 98 million people.

E-cigarettes

Electronically heated tobacco products (e-cigarettes) will also be brought into the tax net.

Ecigarettes produce an aerosol by heating a liquid that usually contains nicotine​—the addictive drug in regular cigarettes, cigars, and other tobacco products

Telecom

The federal excise duty on telecommunication will be reduced by 1pc from 17pc applicable previously.

Withholding tax (WHT) on telecommunication services will also be reduced to 3pc.

Fruit juices

Save your income tax bracket, the monthly electricity bills for domestic consumers is included in the List of Active Taxpayers (ATL), will be reduced from Rs 75,000 to RS 25 000 €

This means that consumers whose electricity bill is around Rs 25,000 or more, which is not included in the DEVICE are going to have to pay the source of the income tax.

Electricity

Save your income tax bracket, the monthly electricity bills for domestic consumers are included in the List of Active Taxpayers (ATL), will be reduced from Rs 75,000 to RS 25 000 €

This means that consumers whose electricity bill is around Rs 25,000 or more, which is not included in the DEVICE are going to have to pay the source of the income tax.

Banking

The treasure that is the source of the cash and non-cash banking, and will be removed.

The withholding tax on cash withdrawals will be removed.

Air travel

The functioning of the internal air, the tax code will come to an end. This can lead to lower-cost domestic air services.

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