Taxes will be imposed on channels that broadcast foreign plays and on TV commercials that feature foreign celebrities.
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Fawad Chaudhry, Minister of Information and Broadcasting, tweeted on Friday that the Finance (Supplementary) Bill 2021, or the “mini budget,” does not contemplate any taxes on cinema or the import of equipment for film production. This came a day after the government tabled the bill in the National Assembly.
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Foreign content and commercials featuring foreign celebrities have been subjected to a heavy tax, he said. In doing so, the government hopes to safeguard Pakistani filmmakers and artists.
Minister of Finance Shaukat Tarin presented the Finance (Supplementary) Bill 2021 and the SBP Amendment Bill 2021 to Parliament on Thursday.
فنانس ترمیمی ایکٹ میں جہاں ایک طرف سینما اور فلم پروڈکشن کی مشینری پر ٹیکس نہیں ہے وہیں غیرملکی ڈرامہ درآمد کرنے اور اشتہارات میں غیرملکی ماڈلز لینے پر بھاری ٹیکس عائد کیا گیا ہے اس کا بنیادی مقصد پاکستان کی فلمی صنعت اور فنکاروں کو تحفظ فراہم کرنا ہے
— Ch Fawad Hussain (@fawadchaudhry) December 31, 2021
For a total of Rs375 billion in new taxes and the elimination of a Rs343 billion sales tax exemption, the finance bill calls for revisions to income tax, sales tax, and federal excise duty.