40% tax proposed on MPs’ vehicles

Finance Minister Abul Hassan Mahmood Ali has proposed 40 percent tax on vehicle import facilities offered to the members of parliaments (MPs).

He also proposed imposing a 25% customs duty and a 15% value-added tax (VAT) on lawmakers' imports of motor vehicles in fiscal 2024-25.

He made the proposal while placing the national budget on Thursday.

He said: "We are encouraging everyone to pay tax and to come out of the culture regarding tax exemption."

"A noble example will be set if the public representatives amend this privilege and lead everyone to come out of tax exemption culture," the finance minister added.

He requested the minister concerned to make necessary amendments in "The Members of Parliament (Remuneration & Allowances) order, 1973" accordingly.