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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p>
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July 18: The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.
The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals. Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.
The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. For imported alcoholic products, the tax will be levied at the customs point during transportation.
Failure to pay the luxury tax will result in the tax amount being recovered along with a 15 percent annual interest rate. Additionally, individuals or entities responsible for paying the luxury tax are required to submit a statement related to the tax. Failure to submit the statement will result in a fine of 2.5 percent annually until the details are provided.
The implementation of the luxury tax aims to generate revenue for the government and regulate the luxury goods and services sector.
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
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include - APP/View/Elements/side_bar.ctp, line 60
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
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[main] - APP/webroot/index.php, line 117
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p>
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p>
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View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
