January 28, 2022

Pkrevenue.com

Pakistan Revenue

Category: Automotive

FBR enhances tax rates on motor vehicle registration
Jan 20
Automotive, Taxation

FBR enhances tax rates on motor vehicle registration

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday notified the enhanced rates of advance tax on those vehicles, which sold prior to first registration. The tax rates have been enhanced through Finance (Supplementary) Act, 2022 through making amendment in Section 231(B)(2A) of Income Tax Ordinance, 2001. The FBR said that advance tax on vehicle […]

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Customs Intelligence Karachi auctions imported vehicles on Jan 07
Jan 5
Auction, Automotive, Pakistan Customs

Customs Intelligence Karachi auctions imported vehicles on Jan 07

KARACHI: The directorate of customs intelligence and investigation has announced the auction of old and used imported vehicles on January 07, 2021. The directorate will offer the following vehicles for the auction: 01. Mercedes Bez E-230 Car, Reg. No. AAJ-106, Model 1997, Chassis No. WDB2100372A189414, Color Grey, 2294CC. READ MORE: Customs duty collection from imported […]

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New rates of FED on local, imported motor vehicles
Jan 1
Automotive, Taxation, Top stories

New rates of FED on local, imported motor vehicles

ISLAMABAD: The federal government has proposed enhancement in federal excise duty (FED) on imported and locally assembled vehicles through mini-budget. The government on December 30, 2021 presented Finance (Supplementary) Bill, 2021 to take tax measures to generate additional revenue for improve fiscal situation of the country. One of the major revenue measure is increasing the […]

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Mini-budget: Advance tax on motor vehicles doubles
Dec 31
Automotive, Taxation, Top stories

Mini-budget: Advance tax on motor vehicles doubles

ISLAMABAD: The government through the mini-budget has doubled the rates of advance income tax on motor vehicles sold prior registration. The changes have been proposed through the Finance (Supplementary) Bill, 2021 presented before the parliament on Thursday. The enhancing the advance tax rates the tax authorities would generate around Rs500 million as tax revenue. READ […]

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Meezan Bank, Suzuki Motors sign MoU for car financing
Dec 28
Automotive, Money & Banking

Meezan Bank, Suzuki Motors sign MoU for car financing

KARACHI: Meezan Bank and Pak Suzuki Motor Company Limited have signed a Memorandum of Understanding (MoU) to offer Sharia-compliant car financing. Arshad Majeed, Group Head Consumer Finance, Meezan Bank signed the MoU with Aamir Shaffi, Executive Officer, Marketing and Sales, Pak Suzuki Motor Company Limited. READ MORE: Meezan Bank starts Islamic financing scheme for SMEs […]

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Tarin assures car importers of maximum support
Dec 18
Automotive, Finance

Tarin assures car importers of maximum support

ISLAMABAD: Shaukat Tarin, Adviser to the Prime Minister on Finance and Revenue, on Friday assured an association of car dealers and importers of maximum support in resolving their issues. The adviser held a meeting with Mian Shoaib Ahmed, Chairman All Pakistan Car Dealers and Importers Association (APDA) at Finance Division. READ MORE: Prudent reforms helped […]

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