Category: Automotive
Advance tax rates on motor car purchase, registration
The rate of tax on motor vehicle registration and purchase from manufactures for year 2021/2022 shall be:– S. No. Engine capacity Tax (1) (2) (3) 1. Up to 850cc Rs. […]
Withholding tax exemption allowed on purchase of used motor vehicles
ISLAMABAD: Federal Board of Revenue (FBR) has said that exemption from withholding tax has been granted on purchase of used motor vehicles from general public. The FBR while explaining major […]
Highlights of relief in duty, taxes for import, local supply of cars
KARACHI: The government has proposed relief in duty and taxes on import and local supply of motor cars up to 850CC in order to enable lower income group to purchase […]
Additional withholding tax imposed on cars sold without registration
KARACHI: The application of withholding tax on cars / motor vehicles that are sold without registration shall pay additional withholding income tax. According to the Finance Bill, 2021 the withholding […]
Budget 2021/2022: Duty, taxes abolished on cars up to 850cc
ISLAMABAD: The government has announced abolishing duty and taxes on locally manufactured and imported cars with engine capacity up to 850cc to enable low earning families to afford motor vehicles. […]
FBR collects Rs108 billion from auto sector during 11 months
ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs108 billion from auto sector during first eleven months of the current fiscal year, showing 51 percent growth despite coronavirus pandemic, a […]
Car sales climb up by 54pc in 10 months
KARACHI: Sales of domestic assembled cars have increased by 54 percent during first 10 months of the current fiscal year due to smooth production despite coronavirus threats. According to statistics […]
Motor vehicle tax collection grows by 22.7pc; finance ministry issues nine-month statistics
ISLAMABAD: The collection of motor vehicle tax has been increased by 22.7 percent owing to better economic conditions during the current fiscal year as compared with unfavorable conditions in the […]
PM hopes car scheme to generate demand for domestic industry
KARACHI: Prime Minister Imran Khan paid rich tribute to Overseas Pakistanis for their overwhelming response to the Roshan Digital Account (RDA). He said their support and vote of confidence have […]
Pak Suzuki posts sharp 285pc growth in gross profit during first quarter
KARACHI: Pak Suzuki Motors Company Limited on Thursday announced an unprecedented growth of 285 percent in gross profit to Rs2.21 billion during the first quarter (January – March) of 2021. […]