June 29, 2022

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Pakistan Revenue

Tag: motor vehicle tax

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 […]

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Tax rates on passenger, goods transport vehicles
Aug 25
Taxation

Tax rates on passenger, goods transport vehicles

The Federal Board of Revenue (FBR) has issued updated rates of advance tax on passenger and goods transport vehicles. The tax rates have been updated after amending Income Tax Ordinance, 2001 through Finance Act, 2021. The FBR collects advance tax under Section 234 of the Income Tax Ordinance, 2001. Under this section any person at […]

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Withholding tax rates on transfer of motor car ownership
Aug 20
Automotive, Taxation

Withholding tax rates on transfer of motor car ownership

ISLAMABAD: Federal Board of Revenue (FBR) has issued updated rates of withholding tax on transfers of registration or ownership of motor vehicles during the year 2021/2022. Motor vehicle registration authority is responsible to collect the withholding tax on transfer of registration or ownership of motor vehicle under Section 231B(2) of the Income Tax Ordinance, 2001. […]

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Tax rates on car registration for 2021-2022
Aug 11
Taxation

Tax rates on car registration for 2021-2022

Federal Board of Revenue (FBR) has issued rates of advance tax on registration or transfer of motor cars. The provincial motor vehicle authorities deduct advance tax under Section 231B of Income Tax Ordinance, 2001 from persons getting new locally manufactured motor vehicle transferred in their name. The provincial authorities collect the advance tax at the […]

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Punjab announces tax payment relaxation to property, motor vehicle
Jun 16
Budget 2020-2021

Punjab announces tax payment relaxation to property, motor vehicle

LAHORE: The Punjab government has announce special relaxation on payment of tax for immovable properties and motor vehicle for financial year 2020/2021. According to Punjab Finance Bill, 2020 following special relaxations have been offered for tax payment of immovable properties and motor vehicles: Special relaxations for financial year 2020-21. (1) Notwithstanding anything contained in sections […]

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Sindh exempts property tax, motor vehicle tax to ease COVID-19 impact
Apr 23
Taxation

Sindh exempts property tax, motor vehicle tax to ease COVID-19 impact

KARACHI: Sindh government has exempted property tax, motor vehicle tax and professional tax for three months of current fiscal year. The decision has been taken in order to provide relief to masses within the jurisdiction of Sindh considering outbreak of coronavirus (COVID-19). According to notifications issued on Thursday by Sindh Excise, Taxation and Narcotics Control […]

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Sindh collects Rs4.77 billion as motor vehicle tax
Mar 6
Taxation

Sindh collects Rs4.77 billion as motor vehicle tax

KARACHI: The Sindh government has collected Rs4.77 billion as motor vehicle tax during first eight months (July – February) 2019/2020. This was informed at a meeting presided over by Provincial Minister for Excise and Taxation – Narcotics Control and Parliamentary Affairs Mukesh Kumar Chawla on Friday. At the meeting the provincial minister directed the officers […]

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