Alcohol, perfume to be costlier

The government will increase advance income tax (AIT) on import of some luxury items, including alcohol and perfume, which will surely increase their prices at the local market.

The government has already okayed the proposal placed by the National Board of Revenue to increase the AIT to 20 per cent, which was only 5 per cent earlier.

The import of goods for commercial purposes is subject to such advance income tax. Consumer goods do not face such tax.