Pakistan Revenue
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 have been revised by the Federal Board of Revenue (FBR) to rationalize applicable rates.
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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.
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The Federal Board of Revenue (FBR) has issued revised rates for advance tax on the registration or transfer of motor car.
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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 last fiscal year due to corona pandemic. According to statistics released by the ministry of finance for the period July – March 2020/2021, the collection […]
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ISLAMABAD: The collection of motor vehicle tax has increased by 15 percent to Rs12.7 billion during the first half (July – December) of 2020/2021 owing to improved business and commercial activities after ease in coronavirus lockdown. According to official statistics made available on Saturday, the motor vehicle tax collected by all the provinces increased to […]
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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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ISLAMABAD: The collection of motor vehicle tax has registered 15 percent decline during first nine months of current fiscal year, according to data released by the ministry of finance. According to fiscal operation for first nine months issued by the finance ministry showed that the provinces had collected Rs16.73 billion during July – March 2019/2020 […]
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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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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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