Govt Cuts Date Import Duty 40% Ahead of Ramadan

Govt Cuts Date Import Duty 40% Ahead of Ramadan

The Chronify

This incentive is scheduled to remain in effect until March 31, 2026.

To ensure the smooth supply of dates during the upcoming holy month of Ramadan and to keep prices within the reach of the general public, the government has announced a reduction in customs duty on date imports.

The National Board of Revenue (NBR) stated that the existing import duty on dates, previously set at 25 percent, has been reduced to 15 percent through a government notification issued on December 23. This incentive is scheduled to remain in effect until March 31, 2026.

In addition to the customs duty reduction, the government has also revised advance income tax regulations related to imports. Under the updated rules, advance income tax on all types of imported fruits, including dates, has been reduced from 10 percent to 5 percent. Last year, a 50 percent exemption on advance income tax for dates and other fruits was granted, and this exemption continues this year as well.

The NBR expressed optimism that the combined effect of the reduced import duty and the lower advance income tax will facilitate adequate supply of dates in the market during Ramadan. Authorities hope that these measures will prevent price spikes and ensure that consumers can purchase dates at reasonable rates.

Dates hold a significant place in the observance of Ramadan, as they are traditionally consumed to break the fast each day. With increased demand during this period, any shortage or price surge could affect millions of households. By reducing financial barriers for importers, the government aims to encourage larger imports of dates, thereby ensuring consistent availability across the country.

Analysts suggest that this initiative may also benefit local retailers and small traders by stabilizing wholesale prices. With the reduced duties and taxes, importers are likely to pass on the cost savings to consumers, making this Ramadan more affordable for families who observe fasting.

This move aligns with the government’s broader efforts to manage essential commodity prices and maintain food security during major religious and cultural festivals. It also highlights a proactive approach to regulating import policies in response to seasonal demand fluctuations.

The NBR has called upon importers and traders to take advantage of the reduced duties and taxes to maintain a steady flow of dates into the market, ensuring that supply meets the heightened demand as Ramadan approaches.

With these measures in place, authorities anticipate that both the availability and affordability of dates will improve, helping consumers enjoy the holy month without facing significant financial strain.

 

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