ISLAMABAD: Federal Board of Revenue (FBR) has said that income tax collection from new car registration surged by 67 per cent in fiscal year 2021-2022.
Collectorate of Customs (Enforcement) Peshawar has announced auction of motor vehicles to be held on November 09, 2022 at various state warehouses of the Collectorate. Following is the list of vehicles to be presented for the auction at state warehouse godown, Peshawar: 01. Mercedes Benz (Bullet Proof), Model 1982, Chassis No. WDB-12603312037551 02. Toyota Fielder […]
KARACHI: Customs Collectorate, Gwadar has announced auction of motor vehicles that will be held on July 28, 2022 at Custom House, Gaddani. READ MORE: Peshawar Customs announces auction of motor vehicles on July 26, 2022 The Collectorate will auction the following vehicles: 1. Toyota Mark-X Car, Reg. No. AFR-2020, Chassis No. GRX121-1002780, Engine No. 3GR-FSE, […]
GWADAR: Collectorate of Customs (Enforcement), Gwadar has announced auction of motor cars to be held on May 23, 2022 at state warehouse godown, Gwadar. The collectorate announced auction of following motor vehicles: 01. Zamyad Pickup Model nil, Chassis No. NAZDL104TD-0068010 02. Zamyad Pickup Model nil, Chassis No. NAZPL140BJ-0501530 03. Zamyad Pickup Model nil, Chassis No. […]
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 […]
Section 234 of Income Tax Ordinance, 2001 has defined the rate of advance income tax on motor vehicles to be collected by persons collecting motor vehicle tax. 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 […]
In order to stop the ‘on money’ phenomenon, the government has slapped withholding tax on unregistered new motor cars or cars sold prior to first registration. Through the Finance Act, 2021 the tax rates have been imposed for the year 2021/2022 and onwards. Initially, these rates were imposed through the Tax Laws (Amendment) Ordinance, 2021 […]
The rate of tax on motor vehicle registration and purchase from manufactures for year 2021/2022 shall be:– S. No. Engine capacity Tax (1) (2) (3) 1. Up to 850cc Rs. 7,500 2. 851cc to 1000cc Rs. 15,000 3. 1001cc to 1300cc Rs. 25,000 4. 1301cc to 1600cc Rs. 50,000 5. 1601cc to 1800cc Rs. 75,000 […]
KARACHI: The government has proposed relief in duty and taxes on import and local supply of motor cars up to 850CC in order to enable lower income group to purchase the motor vehicles. According to a commentary on budget 2021/2022 issued by KPMG Taseer Hadi & Co. Chartered Accountants, in recent years, the prices of […]
ISLAMABAD: Model Customs Collectorate (MCC) Peshawar has announced to conduct public auction of motor vehicles at various customs stations on May 19 and May 20, 2021. Following are the details of motor vehicles and location of auction: STATE WARE HOUSE, PESHAWAR 01. Mercedes Benz (Bullet Proof) Model 1982, chassis No. WDB-12603312037551 02. Mitsubishi Pajero Station […]