The Federal Board of Revenue (FBR) is considering collecting lifetime income tax from the owners of cars with engine capacities ranging up to 1,000 cc. Lifetime token tax is already collected by the provinces on small cars however now FBR is seeking to recover lifetime income tax from the lower middle class citizens.

The post FBR to Recover Lifetime Tax from Small Cars Owners first appeared on CarSpiritPK and is written by UsmanAnsari.

The government in its recent financial amendments, have allowed non-filers of tax returns to buy new cars. Earlier in the …

The post Advance Income Tax Increased for Non-Filers first appeared on CarSpiritPK and is written by UsmanAnsari.

The government in its recent financial amendment bill, allowed non-filers of tax returns to buy new cars. The restriction was …

The post Non-Filers Not Exempted from Income Source Probe first appeared on CarSpiritPK and is written by UsmanAnsari.

Honda wants the government to allow non-filers to purchase 1,350cc vehicles instead of the 1,300cc as announced in the mini-budget.

The post Honda Wants the Govt to Lift 1300cc Limit For Non-Filers first appeared on CarSpiritPK and is written by UsmanAnsari.

As per the new financial amendments, government has allowed non-filers to purchase new cars up to 1300cc engine capacity.

The post Non-Filers Allowed to Purchase Cars up to 1300cc first appeared on CarSpiritPK and is written by UsmanAnsari.

A petition has been files in the Islamabad High Court (IHC) on behalf of an auto dealer against the government’s …

The post Restriction on Vehicle Purchase by Non-Filers Challenged in IHC first appeared on CarSpiritPK and is written by UsmanAnsari.

The Cabinet’s Economic Coordination Committee (ECC) made three changes on Tuesday to the supplementary budget it presented on September 18, …

The post Non-Filers Cannot Buy New Cars and Property first appeared on CarSpiritPK and is written by UsmanAnsari.

Automakers including existing and the new entrants are divided in their views of what the restriction on non-filers of tax …

The post Automakers Have Mixed Opinion Regarding the Ban on Non-Filers first appeared on CarSpiritPK and is written by UsmanAnsari.

Stocks in the automobile sector gleamed at the Pakistan Stock Exchange on Tuesday because of the revised finance bill lifting …

The post Auto Industry Becomes Attractive Again as Non-Filers are Allowed to Buy New Cars first appeared on CarSpiritPK and is written by UsmanAnsari.

Sales of locally assembled automobiles dropped for the second consecutive month in June, this time too by 15% month-on-month, according …

The post Car Sales Fall for Second Consecutive Month on Tax-Related Curbs first appeared on CarSpiritPK and is written by UsmanAnsari.