FBR clarifies imposition of Health Levy on tobacco consumption

News Image

MG News | January 21, 2020 at 10:35 PM GMT+05:00

0:00

Jan 21, 2020: The Federal Board of Revenue (FBR) on Tuesday issued a clarification on a news item appeared in a section of press about the imposition of health levy on tobacco consumption.

The clarification said that the legal and constitutional experts hold the view that health is a provincial subject and federation cannot levy health tax on tobacco consumption.

As a result, it was decided to enhance the Federal excise duty on cigarettes in order to discourage smoking. The Parliament through Finance Act 2019 abolished three tiered tax structure on cigarettes and also enhanced the FED significantly.

In the Budget Speech 2019-20, the then Revenue Minister had clarified that federal share of Federal Excise Duty realized from tobacco sector would be preferably allocated to Ministry of National Health Services Regulations and Coordination.

Resultantly issue of health levy stands resolved and the information contained in the news item is incomplete, the clarification added.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 159,096.79
286.00M
-0.30%
-481.40
ALLSHR 96,671.31
956.17M
-0.27%
-260.40
KSE30 48,148.75
102.85M
-0.46%
-220.17
KMI30 227,277.27
68.51M
-0.56%
-1278.41
KMIALLSHR 62,859.90
336.58M
-0.52%
-331.18
BKTi 44,327.12
35.20M
-0.45%
-200.35
OGTi 30,536.59
6.65M
-0.82%
-252.55
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 103,195.00 104,590.00
102,790.00
-1045.00
-1.00%
BRENT CRUDE 63.21 64.34
63.15
-0.31
-0.49%
RICHARDS BAY COAL MONTHLY 87.25 87.25
87.25
0.10
0.11%
ROTTERDAM COAL MONTHLY 97.10 97.10
96.50
-0.10
-0.10%
USD RBD PALM OLEIN 1,082.50 1,082.50
1,082.50
0.00
0.00%
CRUDE OIL - WTI 59.29 60.51
59.21
-0.31
-0.52%
SUGAR #11 WORLD 14.40 14.44
14.04
0.29
2.06%

Chart of the Day


Latest News
November 06, 2025 at 07:11 PM GMT+05:00

SBP Reserves Increase by USD 31 Million


November 06, 2025 at 04:40 PM GMT+05:00

PSX opens trading accounts for minors


November 06, 2025 at 04:37 PM GMT+05:00

PACRA upgrades JS Investments to AM1


November 06, 2025 at 04:00 PM GMT+05:00

FNEL to acquire 100% stake in Albert Pharma


November 06, 2025 at 04:00 PM GMT+05:00

PSX Closing Bell: The Long and Winding Road



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg