Jul 3

Motor Vehicle Tax Rates Updated by Sindh Finance Act 2024

Karachi, July 3, 2024 – The Sindh government has issued updated motor vehicle tax rates under the Sindh Finance Act, 2024. These new rates, applicable from July 1, 2024, aim to standardize the tax regime for both imported and locally manufactured vehicles, reflecting the government’s strategy to balance revenue generation with promoting local automotive industries.

by Shahnawaz Akhter

Motor Vehicle Tax Collections Reach Rs 25 Billion in 9MFY24

May 5

Automotive, Taxation, Top stories

Motor Vehicle Tax Collections Reach Rs 25 Billion in 9MFY24

Islamabad, May 5, 2024 – Pakistan has seen a modest rise in motor vehicle tax collections, reaching Rs 25 billion during the first nine months of fiscal year 2023-24, according to the latest data released by the federal finance ministry.

by Faisal Shahnawaz

Pakistan Collects Rs 16 Billion in Motor Vehicle Tax in 1HFY24

Feb 1

Automotive, Taxation

Pakistan Collects Rs 16 Billion in Motor Vehicle Tax in 1HFY24

Karachi, February 1, 2024 – Pakistan’s motor vehicle tax collections have reached a noteworthy Rs 16 billion during the first half (July – December) of the fiscal year 2023-24, as revealed by official data released by the federal finance ministry.

by Shahnawaz Akhter

Pakistan Collects Rs 8.98 Billion in Motor Vehicle Tax in 1QFY24

Nov 4

Taxation, Top stories

Pakistan Collects Rs 8.98 Billion in Motor Vehicle Tax in 1QFY24

Karachi, November 4, 2023 – Pakistan has successfully collected a substantial amount of Rs 8.98 billion in motor vehicle tax during the first quarter of the fiscal year 2023-24 (July to September).

by Shahnawaz Akhter

Punjab Leads in Motor Vehicle Tax Collection in FY23: Official Stats

Aug 19

Automotive, Taxation, Top stories

Punjab Leads in Motor Vehicle Tax Collection in FY23: Official Stats

Karachi, August 19, 2023 – Punjab has emerged as the frontrunner in the collection of motor vehicle tax for the fiscal year 2022-23, as per recent official statistics released by the federal finance ministry of Pakistan.

by Shahnawaz Akhter

Motor vehicle tax collection declines to Rs24.87 billion in July – March

May 8

Automotive, Taxation, Top stories

Motor vehicle tax collection declines to Rs24.87 billion in July – March

KARACHI: Collection of motor vehicle tax in Pakistan has declined by 9 percent to Rs24.87 billion during first nine months (July – March) 2022-2023 owing to challenging economic conditions hampering the growth in automotive industry.

by Hamza Shahnawaz

New tax rates on car registration from July 01, 2022

Jul 11

Automotive, Budget 2022-2023, Taxation

New tax rates on car registration from July 01, 2022

KARACHI: The new rates of advance tax on registration of motor cars have been notified through Finance Act, 2022. According to PwC A. F. Ferguson & Co. the new rates of advance tax on registration of the motor vehicles are as follows: READ MORE: Finance Act 2022 notifies tax rates on disposal of securities Engine […]

by Hamza Shahnawaz

Tax rates on motor vehicles during tax year 2022

Oct 26

Automotive, Taxation, Top stories

Tax rates on motor vehicles during tax year 2022

The rates of income tax on motor vehicles for tax year 2022 to be applicable under Second Schedule of Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following are the rates of income tax on motor vehicles shall be applicable […]

by Hamza Shahnawaz

Tax rates on passenger, goods transport vehicles

Aug 25

Taxation

Tax rates on passenger, goods transport vehicles

Tax rates on passenger, goods transport vehicles have been revised by the Federal Board of Revenue (FBR) to rationalize applicable rates.

by Mrs. Anjum Shahnawaz

Withholding tax rates on transfer of motor car ownership

Aug 20

Automotive, Taxation

Withholding tax rates on transfer of motor car ownership

The Federal Board of Revenue (FBR) in Pakistan has announced the revised rates of withholding tax applicable to the transfer of registration or ownership of motor vehicles for the fiscal year 2021/2022.

by Mrs. Anjum Shahnawaz