Tax Drive Blamed for Decline in Car Sales
According to a top executive of one of the three Japanese assemblers, the tax drive by the government is the reason behind the downfall in car sales.
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Local Automakers Want Tax Relief from the Government
Local automakers had a crucial meeting to discuss the alarming decline in vehicle sales in the country. According to sources, PAMA and PAAPAM will demand government to immediately withdraw the newly introduced Advance Custom Duty (ACD) and Federal Excise Duty (FED) to provide some relief to the automobile sector.
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Government to Withdraw 3% VAT on Imported Products
The government has reportedly planned to withdraw 3% value addition sales tax imposed on 32 various imported products.
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FBR to Recover Lifetime Tax from Small Cars Owners
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.
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FBR Launches Action Against Tax Evaders in Auto Related Businesses
The Federal Board of Revenue (FBR) issued notices to 312 car dealers and sellers of auto parts, asking them to get registered with the tax authorities.
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FBR Denies Imposing WHT on Rickshaws and Motorcycles
A Federal Board of Revenue (FBR) spokesperson has strongly refuted reports that the government has imposed tens of thousands of rupees of withholding taxes (WHT) on auto-rickshaws and motorbikes, terming the rumors “baseless”
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Sindh Government Imposed 5% Tax on Online Taxi Services
The government of Sindh has imposed a 5% tax on the online taxi services in the Sindh budget 2019-20. According to Sindh Revenue board (SBR) the new tax will be effective from 1st July 2019.
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FBR Raids United Motors Office in Lahore
The Directorate of Intelligence and Investigation, Inland Revenue, FBR, Lahore conducted a search and seizure operation at the business premises …
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Restriction on Vehicle Purchase by Non-Filers Challenged in IHC
A petition has been files in the Islamabad High Court (IHC) on behalf of an auto dealer against the government’s …
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Crackdown Against Non-Tax Paid Vehicles Across Sindh
The government of Sindh has initiated a crackdown effective from Monday, the 22nd of October against the vehicles running on …
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