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Lower House Considers Supplementary Finance Bill 2023

The Pakistani lower house of Parliament (National Assembly) Feb. 15 accepted for consideration Supplementary Finance Bill, 2023. The bill includes measures to: 1) increase the sales tax rate to 18 percent from 17 percent on general items, locally produced coal, and potassium chlorate; 2) increase the sales tax rate to 25 percent from 17 percent on mobile phones over US$500; …

Source: bloombergtax.com

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