Govt to impose huge tax on foreign drama serials and ads

Taxes will be imposed on channels that broadcast foreign plays and on TV commercials that feature foreign celebrities.

Govt to impose huge tax on foreign drama serials and ads

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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.

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.

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