Islamabad (Lord Media): The Federal Board of Revenue (FBR) has announced new taxes on food and household items under the federal budget for 2026-27. A tax target of 15,264 billion U.S. dollars has been set for the upcoming fiscal year, including an additional 650 billion U.S. dollars in taxes.<\/p>\n
The budget proposes a sales tax on retail-packed items such as milk, baby formula, and other dairy products. Additionally, an 18 percent general sales tax is recommended on ghee, edible oils, sweets, pasta, and spices.<\/p>\n
Agricultural medicines, disinfectant products, plastic household items, kitchenware, and storage items will also be taxed, while travel goods like bags, suitcases, and handbags are expected to become more expensive.<\/p>\n
A tax has also been imposed on the retail sale of vehicles, with luxury SUVs priced between 20 million and 30 million U.S. dollars facing a 30 percent tax, and those over 30 million U.S. dollars facing a 40 percent tax. Purchases from unregistered suppliers will incur a 5 percent tax, and the tax rate on distributors has been increased from 0.25 percent to 0.50 percent.<\/p>\n
Commercial importers selling raw materials will be subject to a 3 percent tax.<\/p>\n","protected":false},"excerpt":{"rendered":"
FBR announces new taxes on food and household items, setting a 15,264 bn U.S. dollars tax target for 2026-27, impacting various consumer goods and luxury vehicles.<\/p>\n","protected":false},"author":1,"featured_media":74729,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[619,356,620,621],"ppma_author":[94],"class_list":["post-74728","post","type-post","status-publish","format-standard","has-post-thumbnail","category-uncategorized","tag-fbr","tag-federal-budget","tag-household-items","tag-taxes"],"yoast_head":"\n