Citing Risk of Revenue Decline, FBR Rejects 18% GST
The Federal Board of Revenue (FBR) has rejected the proposal from the Ministry of Industries to implement an 18% general …
Citing Risk of Revenue Decline, FBR Rejects 18% GST Read MoreTag: Tax
Is it Necessary to Tax Vehicles Based on Engine Displacements?
Car taxation based on engine displacement is commonly referred to as “displacement tax” or “engine capacity tax.” In some countries, …
Is it Necessary to Tax Vehicles Based on Engine Displacements? Read More
PAMA Calls for Reversal of 25% Sales Tax Hike
The Pakistan Automotive Manufacturer Association (PAMA) expressed dismay at the government’s recent decision to hike the sector’s sales tax to …
PAMA Calls for Reversal of 25% Sales Tax Hike Read More Advance Tax on Registration of Vehicles Above 2000cc Increased
In order to fulfill a number of demands of the International Monetary Fund (IMF), the government in addition to many other new taxes has increased the advance income tax on the registration of vehicles above 2,000cc under the amended Finance Bill 2023.
Advance Tax on Registration of Vehicles Above 2000cc Increased Read More
1400cc & Above Cars are Now Luxury as Govt Slaps 25% GST
Auto consumers of Pakistan are set to brace yet another price hike impact as the government has just increased the General Sales Tax (GST) on cars with 1400cc (or above) engines from 18% to 25% as part of the “luxury tax” to raise more revenue.
1400cc & Above Cars are Now Luxury as Govt Slaps 25% GST Read More
Govt Reduces Registration Tax for Commercial Vehicles in ICT
The federal government has reduced the registration tax for commercial vehicles in Excise and Taxation department Islamabad Capital Territory (ICT).
Govt Reduces Registration Tax for Commercial Vehicles in ICT Read More
FBR Reduces CVT on Vehicles Under Amended Finance Bill 2022
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
Government Imposes 10% Super Tax on Large Scale Industries
Prime Minister Shehbaz Sharif has announced that his government will be imposing a 10% “super tax” on large-scale industries including Automobiles
Government Imposes 10% Super Tax on Large Scale Industries Read More
New Tax on Cars with Prices over Rs 5.0 Million
There is another new tax that will be applicable on cars with smaller engines but having a price tag above Rs 5.0 million
New Tax on Cars with Prices over Rs 5.0 Million Read More
Government Considering to Reduce Taxes to Alleviate Price Hikes
To alleviate the price hikes, the Ministry of Industries and Production (MoIP) has proposed tax reductions to be implemented in the upcoming financial budget for FY22-23.
Government Considering to Reduce Taxes to Alleviate Price Hikes Read More