The Federal Board of Revenue (FBR) has rejected the proposal from the Ministry of Industries to implement an 18% general …

The post Citing Risk of Revenue Decline, FBR Rejects 18% GST first appeared on CarSpiritPK and is written by News Desk.

Car taxation based on engine displacement is commonly referred to as “displacement tax” or “engine capacity tax.” In some countries, …

The post Is it Necessary to Tax Vehicles Based on Engine Displacements? first appeared on CarSpiritPK and is written by Rubab Xahra.

The Pakistan Automotive Manufacturer Association (PAMA) expressed dismay at the government’s recent decision to hike the sector’s sales tax to …

The post PAMA Calls for Reversal of 25% Sales Tax Hike first appeared on CarSpiritPK and is written by News Desk.

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.

The post Advance Tax on Registration of Vehicles Above 2000cc Increased first appeared on CarSpiritPK and is written by UsmanAnsari.

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.

The post 1400cc & Above Cars are Now Luxury as Govt Slaps 25% GST first appeared on CarSpiritPK and is written by News Desk.

The federal government has reduced the registration tax for commercial vehicles in Excise and Taxation department Islamabad Capital Territory (ICT).

The post Govt Reduces Registration Tax for Commercial Vehicles in ICT first appeared on CarSpiritPK and is written by UsmanAnsari.

Federal Board of Revenue (FBR) has reduced the Capital Value Tax (CVT) on vehicles from 2% to 1% under the amended Finance Bill 2022.

The post FBR Reduces CVT on Vehicles Under Amended Finance Bill 2022 first appeared on CarSpiritPK and is written by UsmanAnsari.

Prime Minister Shehbaz Sharif has announced that his government will be imposing a 10% "super tax" on large-scale industries including Automobiles

The post Government Imposes 10% Super Tax on Large Scale Industries first appeared on CarSpiritPK and is written by UsmanAnsari.

There is another new tax that will be applicable on cars with smaller engines but having a price tag above Rs 5.0 million

The post New Tax on Cars with Prices over Rs 5.0 Million first appeared on CarSpiritPK and is written by UsmanAnsari.

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.

The post Government Considering to Reduce Taxes to Alleviate Price Hikes first appeared on CarSpiritPK and is written by UsmanAnsari.