Tax double on motorbike, freezer, AC manufacturers, prices may go up
Published: 08 January 2025, 2:46:30
The government has set the income tax rate at 20 per cent on the manufacturers of freezers, refrigerators, motorcycles, air conditioners and compressors.
A gazette notification was issued in this regard on Tuesday (January 7). It was signed by NBR chairman Abdur Rahman Khan.
Currently, the companies pay a 10 per cent tax on their income.
The government has been giving tax breaks to these industries for a long time. These industries have now become much self-dependent. Their tax rates were reduced to protect domestic industries and make them self-dependent. That has been increased, said an NBR official.
The prices of motorcycles, refrigerators, ACs and compressors may increase, according to the concerned.
