Budget 2024-25: Computers and Laptop Prices Hike with 10% Sales Tax

Budget 2024-25: Computers and Laptop Prices Hike with 10% Sales Tax

Budget 2024-25: Computers and Laptop Prices Hike with 10% Sales Tax
Advertisement

Budget 2024-25: The government plans to increase the sales tax on computers and laptops by twice the current amount to raise about Rs3 billion more in revenue, aiming to boost state earnings during economic difficulties..

The government’s plan to raise sales tax on these items is to increase income. This could make computers and laptops more expensive, impacting how much families can spend and possibly making it harder for people to start using new technology.

Also read: Finance Minister Aurangzeb unveils budget for FY25

Sales Tax on Computers in Pakistan

It has been learnt that sellers will bear brunt including slow purchases or a preference for more affordable options.

Advertisement

The stern decision can provide additional useful services to justify higher costs. The increased tax revenue is meant to help fund public services and projects for development.

The government is handling things in a way that meets its financial needs while also benefiting from strong market demand in certain sectors.

Advertisement
Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Follow us on Google News.


End of Article

Next Story