Thursday, 29 February 2024
Government Presents Finance Supplementary Bill 2023 in Parliament

Government Presents Finance Supplementary Bill 2023 in Parliament

Government Presents Finance Supplementary Bill 2023 in Parliament

Government Presents Finance Supplementary Bill 2023 in Parliament. Today Finance Minister Ishaq Dar presented the Finance (Supplementary) Bill 2023. Highlighting fiscal measures of Rs. 170 billion through additional taxes as already agreed with the International Monetary Fund (IMF).

If you want to become active tax filer or want to get tax, accounting and corporate services in Pakistan then we are here to provide you professional services! Call: 0092-3334875413 |

The finance minister said that the government has only charged those taxes that would have least impact on the poor. He also emphasized that the government is not imposing any taxes on items of daily use.

The government headed towards the parliament after President Dr. Arif Alvi advised the government to take the parliament into confidence on the issue of raising taxes.

ALSO READ: FBR Increased Sale Tax Rate in Pakistan 2023

Key Features of Mini-Budget 2023

  1. General sales tax (GST) on luxury items to increase to 25 percent from the previous 17 percent
  2. Federal Excise Duty (FED) on club class, first class, and business class airline tickets to increase to 20 percent or 50,000 (whichever is higher)
  3. 10 percent Withholding Adjustable Advance Income Tax on wedding halls
  4. Increase in FED on sugary and aerated drinks
  5. FED on cement to increase from Rs. 1.5 per kg to Rs. 2 per kg
  6. GST to increase from 17 percent to 18 percent (FBR already issued SRO)
See also  Apple IPhone 13 Mini / Pro and 13 Pro Max Import and PTA TAX in Pakistan
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"] - Your Tax Experts and Consultants

Welcome to

Providing Expert Tax Services for Individuals and Businesses

About Us

At, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: