An entirely new registration procedure was put in place as of 18th August 2019, and the FTA called on all concerned businesses including producers, importers, and stockpilers of Excise
Goods to take the initiative and register said goods in the new system.
Pursuant to these amendments, effective 1 January 2020, a 100% excise
tax on electronic smoking appliances and liquids used in these devices, and 50% excise
tax on beverages and sugary drinks has been set.
In the first six months of this year, excise
on oil products provided 50.8 percent of total excise
tax on tobacco provided 20.6 percent and excise
tax on alcohol (including beer) 24.5 percent of total excise
Additionally, The Authority pointed to the new manuals and guides it launched to raise awareness among taxpayers and offer them instructions on how to register excise
goods in the new system, and comply with the new reporting requirements and forms in the excise
Products that are more than 50 ml will be slapped with P50 excise
tax plus P10 per additional 10 ml.
With the cooperation of the Pakistan Council of Scientific and Industrial Research (PCSIR), the department of excise
will approve the material, colour and other standards for the manufacturing process.
On the other hand, a large number of people are approaching the excise
offices to pay their taxes.
"We have digitalized vehicle registration and documentation which has decrease corruption in Excise
Department but we have been pursing strict policy against corrupt practices in provincial Excise
and Taxation Department." The Advisor said added action against corrupt elements would be publicized through media.
tax is a form of indirect tax levied on specific goods that are deemed harmful to human health or the environment.
This was informed during a meeting held here at Circuit House under the chairmanship of Punjab Minister for Excise
and Taxation Hafiz Mumtaz Ahmad.
Tribune News Network Doha The General Tax Authority (GTA) has set January 31, 2019, as the last day for filing Excise
Tax returns, the authority announced in a press statement on Saturday.