Finance Minister Abul Hasan Mahmood Ali today (June 6) proposed canceling the duty-free privilege of lawmakers on importing cars.

If approved, they will have to pay a 25 percent import duty on imported cars.

In the 2024-25 fiscal budget speech, the finance minister said, "If any person imports a car from abroad, they have to pay 25 percent of import duty, 15 percent of VAT, five percent of advance tax and about 400 to 500 percent supplementary duty."

The lawmakers enjoy a duty-free facility for vehicle imports as the Members of Parliament (Remuneration and Allowances) Order, 1973 (President's Order).

Today, Mahmood Ali proposed necessary amendments to the Member of Parliament Order 1973.

According to 15 years of import data by the National Board of Revenue, lawmakers imported 572 vehicles under duty-free facilities between January 2009 and April 15, 2024.

BDST: 2040 HRS, JUN 06, 2024
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