Budget 2021-22; govt. proposes reduction of FED on telecom services

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Budget 2021-22; govt. proposes reduction of FED on telecom services

By Fakhar Hayat Jutt

ISLAMABAD, Jun 11, Diplomatic Star (DS): Federal Minister for Finance and Revenue Shaukat Tarin on Friday proposed reduction of Federal Excise Deputy (FED) on telecom services.

In his budget speech at National Assembly, the minister said that to facilitate businesses and provide relief to the general masses, rate of federal excise duty on telecommunication is proposed to be reduced from 17% to 16%.