Sales tax on luxury items to be increased from 17 to 25 percent in the mini budget
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A notification to increase the sales tax rate on luxury items to 25% will be issued soon.
According to the document released regarding the mini budget, the increase in sales tax on luxury items is expected to generate 15 billion rupees in 4 months.
The document states that sales tax on imported electronics items is being levied at 25 percent.
Sales tax on imported makeup products for women will also be 25 percent.
According to the document, the imported makeup products that will be subject to sales tax include imported lipsticks, mascaras, face powders, hair rollers and dryers, imported hair colors, dyes, extensions, imported bleach creams and hair vitamins. .
The document states that the sales tax on imported pet food is being increased from 17% to 25%.
The rate of sales tax is also being increased to 25% on imported branded shoes, sales tax is also being increased to 25% on imported branded purses, traveling bags, suitcases, shampoos, soaps and lotions for women.
Imported shaving cream, shaving gel, sunglasses and perfumes for men are also subject to sales tax rate of 25%.
Sales tax on imported private arms is also being increased from 17% to 25%.
Besides, the sales tax on imported branded headphones, iPods and speakers will also be 25 percent.
Not only this, the sales tax on imported luxury goods will also increase from 17 to 25 percent.
The rate of sales tax on imported vehicles and imported musical instruments will also be increased from 17 to 25 percent.
According to the document, sales tax on imported biscuits, cakes, bakery items, chocolates, candies, canned fish and mushrooms, dry snacks, corn flakes and pasta will be 25 percent.
Sales tax is also being levied at 25% on imported mineral water, energy drinks and imported juices.
The document further states that the sales tax rate is also being increased to 25 percent on imported doors, windows, furniture, wooden showpieces, carpets, spring mattresses and pillows.
The rate of sales tax on bathroom fittings, tiles, sanitary ware, imported chandeliers, fancy lights will also be 25%.
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