Table of Contents
What is the import duty in Pakistan?
*Additional Sales Tax is not present in the above image, but as per Sales Tax Act of Pakistan, this is 3\% for all items….Step 2: Know your Duty Structure!
Customs Duty | 20\% |
---|---|
Regulatory Duty | 10\% |
Sales Tax | 17\% |
Additional Sales Tax * | 3\% |
Income Tax | 12\% |
Is there any custom duty on laptops in Pakistan?
KARACHI: According to a notice issued by the Director General of Customs Valuation, Karachi earlier this week, a duty of $70-150 per piece has been imposed on used imported laptops while the levy on CPUs ranges from $25-60 per piece.
How is custom duty paid in Pakistan?
Pakistan uses the Harmonized System to classify goods. Customs duties are levied on ad-valorem basis. Pakistan’s overall average applied tariff in 2018 was 10.09 percent.
Which items are duty free in Pakistan?
Foreign nationals and tourists coming to Pakistan are entitled to following duty free allowance: One television; One deep freezer; One refrigerator; One microwave oven; One cooking range; One washing machine; One air conditioner; Items of personal use (For details see page 4); One still camera and one video camera; …
What are the import duties and taxes in Pakistan?
Additionally to duty, imports are subject to sales tax (VAT), excise on some products, and import regulatory duty. Import custom duty rates in Pakistan vary from 0\% to 100\%, Some Goods such as laptops, other electronic & meat of sheep or goats, etc.. Can be imported free of import duty.
How to import new and used vehicles into Pakistan?
New vehicles can be imported into Pakistan freely by any one against payment of duty & taxes under generally applicable import procedures and requirements. Pakistani nationals residing abroad including dual nationals can import old and used vehicles into Pakistan under the following 03 schemes:
How are customs duty and other taxes applied?
The customs duty and other taxes are applied through a cumulative tax collection formula, according to the FBR customs collector. This means that each new tax is applied to the sum of the item’s value and the amount of the previous tax. For example, if a 2\% customs duty is applied to an item worth Rs. 1000, the customs duty comes out to be Rs.
What is the custom duty rate of FBR in Pakistan?
AS I have mentioned in the top above passage that the FBR Pakistan has recently increased the custom duty rates up-to 30\%. New Sport-Utility Vehicles (SUVs): 80\% tax, up from 50\%. Old and Used Sport-Utility Vehicles (SUVs) 1801cc-3000cc: 60\% unchanged. New Cars and Jeeps 1801cc-3000cc: 80\% up from 50\%.