The government has been urged to raise the federal excise duty (FED) on cigarettes by 37% in line with the recommendations of the World Health Organisation (WHO). This would not only increase the revenue generated by the government but also prevent people from falling prey to cigarettes.
ISLAMABAD: In a recent revelation, it was disclosed that a total of 165 cigarette brands are being sold in Pakistan without tax stamps, ARY News reported on Thursday.
ISLAMABAD, May 09 (APP):Health activists have called for an immediate increase in tobacco taxes in Pakistan to protect the rights and health of children and the general public.
In the tobacco industry, there is widespread tax evasion, with 52 illicit manufacturers controlling 48 percent of the market share. Surprisingly, only 2 legal companies contribute 98 percent of the taxes collected from this sector. The upcoming threshing season provides an opportunity for the government to step up enforcement efforts.
ISLAMABAD: The Federal Board of Revenue (FBR) is facing losses of Rs 12.5 billion in tax revenues owing to the inability of the tax machinery to collect Rs 390 per kilogram Advance Withholding Tax at the stage of Green Leaf Threshing (GLT) processing of tobacco leaf.
EDITORIAL: The tobacco manufacturing industry is the single largest contributor to the Federal Board of Revenue's (FBR's) Federal Excise Duty (FED) collection with a 37 percent share in FY2022. Likewise, it also features in the top seven of major General Sales Tax (GST) contributors with a 3 percent share.
Leaders of tobacco growers voiced their concerns about suffering losses as tobacco purchasing companies showed preference towards traders, leaving the farmers at a disadvantage. They urged the companies to purchase tobacco directly from growers, emphasizing that the involvement of middlemen harmed their interests.
SWABI: Leaders of tobacco growers on Thursday claimed that they suffered losses as tobacco purchasing companies preferred traders to them.
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