Pakistan's Trusted Automobile Blog
Federal Board of Revenue (FBR) will now charge a 15% customs duty on the import of components for the assembly/ manufacture of new motorcars including station wagons and racing cars. Earlier, a 32.5% customs duty was applicable on the import of components for the assembly/ manufacture of new motor cars.
FBR Cuts Customs Duty on Importing Car Parts Read More
Federal Board of Revenue (FBR) has imposed additional customs duty (ACD) on several imported items including car parts according to S.R.O.1930(1)/2022 issued on Wednesday.
FBR Imposes Additional Customs Duty (ACD) on Imported Car Parts Read More
Federal Board of Revenue (FBR) has reduced the Capital Value Tax (CVT) on vehicles from 2% to 1% under the amended Finance Bill 2022.
FBR Reduces CVT on Vehicles Under Amended Finance Bill 2022 Read More
A massive increase in car imports has opened a debate in the auto market whether the arrival of used cars is again on the rise or it is due to the import of 12,000 units by MG & other new entrants.
Car Imports Surge to $244 Million Read More
Federal Board of Revenue (FBR) has been instructed by the Public Accounts Committee to restart the investigation into the MG Motors vehicle import & under-invoicing scandal.
FBR to Re-Investigate MG Under-Invoicing Scandal Read More
President Arif Alvi has upheld the order of the Federal Tax Ombudsman (FTO) to refund the amount of more than 12.5% Sales Tax collected from the buyers of Suzuki vehicles.
President Allows Refunding 12% Excess Sales Tax to Suzuki Customers Read More
Federal Tax Ombudsman (FTO) has ordered Pak Suzuki to refund the extra amount to all its customers, which the company charged in the name of 17% GST.
FTO Orders Pak Suzuki to Refund Extra Amount to Customers Read More
Rising trade deficit has forced the government institutions to make more measures in order to curb the issue. After State Bank of Pakistan (SBP) that made changes in prudential regulations and reduced the financing limit and period, particularly for imported vehicles on the back of inflated trade and current account deficits, the Federal Board of Revenue (FBR) has come into action.
FBR Imposes More Duties to Discourage Import Read More
The government is considering to reduce taxes on new imported and locally assembled cars of up to 800cc engine capacity …
Government Considering to Slash Taxes on Cars Read More
FBR has increased assessable customs value of MG vehicles by 14.5% from $11,632 per unit to $13,314 per unit by using ‘Fall Back Method’ as provided under section 25(9) of the Customs Act, 1969
Assessable Customs Value of MG Vehicles Increased by 14.5% Read More