Karachi, June 5, 2025 – A leading tax expert has strongly supported the implementation and expansion of the Capital Value Tax (CVT) in the upcoming federal budget 2025-26 as a strategic measure to broaden Pakistan’s tax base and improve equity in the tax system.
Karachi Chamber of Commerce and Industry (KCCI) has taken a stand against the retrospective implementation of the Capital Value Tax (CVT) on the transfer of motor vehicles. President of KCCI, Mohammed Tariq Yousuf, has assured members of the Automotive Traders & Importers Association (ATIA) that the issue will be raised and addressed.
KARACHI: Federal Board of Revenue (FBR) on Monday exempted capital value tax (CVT) on all assets of Reko Diq Mining Company. The FBR issued SRO 2200(I)/2022 to announce that the federal government had exempted all assets of the Reko Diq Mining Company (Private) Limited (formerly) Tethyan Copper Company Pakistan (Private) Limited from the whole of […]
ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday issued procedure and collection of capital value tax (CVT). The government through Finance Act, 2022 imposed capital value tax on sale of immovable properties and motor vehicles. Following are the procedure and collection of the CVT. READ MORE: FBR may extend date for return filing tax […]