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IMF opposes tax relief for Imported electric vehicles Ahead of 2026-27 budget
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IMF opposes tax relief for Imported electric vehicles Ahead of 2026-27 budget
ISLAMABAD: The International Monetary Fund (IMF) has expressed its opposition to proposals for granting tax benefits on imported electric vehicles (EVs) in the upcoming federal budget for 2026-27. Insiders revealed that the IMF has recommended raising the sales tax on imported EVs to 25 percent, a significant increase from the current preferential rate of 1 percent. The organization has also voiced objections to further extending tax exemptions …
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