The Pakistan government has notified the duty cuts on a wide range of luxury items as the new financial year has begun, reported on Thursday.
According to an official notification, significant duty cuts have been applied to imported luxury vehicles, high-end accessories, perfumes, and bathroom fittings.
For elite consumers, the import duty on new sports cars and branded jeeps has been slashed from 15% to 10%.
The duty on imported luxury sports jeeps has been drastically reduced from 90% to 50%. Similarly, imported luxury ships, cruises, and boats will now incur only a 5% duty.
Branded imported sunglasses and watches will now be taxed at 24 per cent, down from 30%. The duty on imported perfumes and cosmetics has also been cut from 50% to 40%.
In the bathroom fittings category, the duty on imported wash basins and wash tanks has been reduced from 30 per cent to 24 per cent, and on bath tubs from 20% to 16%. Ceramic sinks will now be taxed at 32% instead of 40%.
