Sales tax on milk Archives

Proposed 18% Sales Tax on Milk Sparks Concerns: Impact on Consumers and Food Industry

June 6, 2023 0

Introduction: In a move that could significantly impact consumers and the food industry, the Pakistani government is considering implementing an 18% sales tax on packaged milk in the upcoming budget. The Federal Board of Revenue (FBR) has proposed this tax measure, aiming to generate over Rs30 billion in additional taxes annually. However, concerns have been raised by Finance Minister Ishaq …