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Tag: motor vehicle

  • MCC Peshawar auctions motor vehicles on May 19-20

    MCC Peshawar auctions motor vehicles on May 19-20

    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 Wagon Jeep (4X4) Model 1999, Chassis No. JMYHNV360YJ000822

    03. Mitsubishi Pajero Model 1999 (As per Website), Chassis No. JMYHNV360YJ000823

    04. Toyota Land Cruiser Model 1989 (As per Website), Chassis No. LJ70-0005716

    STATE WARE HOUSE, ABBOTTABAD

    01. Toyota Hilux Surf Model 1993 (As per Website), chassis No. KZN130-9007320

    STATE WARE HOUSE, FRONTIER CORPS

    01. Daewoo Car Model 1992, Chassis No. KLATF19TINB-522281

    02. Mark-1 Motor Car Model Nil, Chassis No. LA3VS-216474

    03. Motor Car  Model 1978, Chassis No. M-430-300918

    04. Toyota Corolla Car Model 1982, Chassis No. A171-A-8024009

  • MCC Gwadar announces auction of motor vehicles on April 21

    MCC Gwadar announces auction of motor vehicles on April 21

    KARACHI: Model Customs Collectorate (MCC) Gwadar has announced auction of confiscated motor vehicles on April 21, 2021 to be held at Custom House, Gaddani.

    Following motor vehicles will be presented for the auction:

    01. Toyota Premio X Car, Reg: No AAK-046, Chassis No. ZZT240-0112894, Engine No. Nil, Model: 2006

    02. Toyota Surf, Reg No. QBA-0162, Chassis No. KZN185-0043878, Engine No. 1KZ-TE2982, Model: 1997

    03. Toyota Land Cruiser, Reg No. BC-0448, Chassis No. HJ61-002060, Engine No. Nil, Model: 1986

    04. Hino Bus, Reg No. BSB-808, Chassis No. AK1JRKA-16027, Engine JO8CB16832, Model:2012

    05. Coach, Reg No. BSA-515, Chassis No. AK1JMKA-1415, Engine No. Nil, Model: Nil

    06. Toyota Land Cruiser (Red), Reg No. BA-8164, Chassis No. BJ160-009711, Engine No. Not Traceable, Model: 1985

    07. Indus Corolla Car, Reg No. GF-1411, Chassis No. AE100-0028693, Engine No. Not Traceable, Model: 1994

    08. Land Cruiser Prado, Reg No. Not Traceble, Chassis No. LJ78-0002499, Model. 1990

    09. Toyota Land Cruiser, Reg No.BA-5186, Chassis No. HJ60-009651, Model. 1984

    10. Toyota Land Cruiser, Reg: JAA-889, Ch# BJ-60-020679, Model: 1988

    11. Mitsubishi Pajero, Reg: JAL-231, Ch# LO48G-3005856, Model: 1985

    12. Land Cruiser, Reg: QAB-1649, Ch# HJ61-013994, Model:1989

    13. Toyota Jeep Land Cruiser, Reg: AFR-2015, Ch: FJ40-371932, Model: 1989

    14. Toyota Land Cruiser, Reg: Nil, Ch:# LJ78-0039971, Eng:# ZL-33868, Model: 1993

    15. Honda Civic Car, Reg: Nil, Ch:# ESI-1600827, Eng:#D1610173-004871, Model: 2002

    16. BMW, Reg: Nil, Ch:# WBAGL62090DJ92594, Eng:#CC-300, Model: 2002

    17. Toyota Surf, Reg: Nil, Ch:# KZN130-9032504, Eng:#Not Traceable, Model: 1993

    18. Toyota Land Cruiser, Reg No. LSA-3469, Chassis No.FJ55-88824, Engine No. Nil, Model: 1992

    19. Hino Bus, Reg No. CH-14538, Chassis No. AK8JRKA-14538, Engine No. Nil, Model: 2016

    20. Hino Bus, Reg No. BSA-554, Chassis No. AK1JRKA-11056, Engine No. Nil, Model: Nil

    21. Hino Bus, Reg No. JB-3335, Chassis No. AK8JRKA-15635, Engine No., Model: 2012

    22. Hino Bus, Reg No. BSA-327, Chassis No. AK17X-41808, Engine No., Model: 1992

    23. Hino Bus, Reg No. BSA-571, Chassis No. AK-I-JRKA-16707, Engine No. Nil, Model: 2011

    24. Toyota Land Cruiser, Reg No. QBA-3037, Chassis No. FZ180-016013, Model Nil

    25. Zamyad Irani Pick Up, Reg: No WAJ-718, Chassis No. NAZPL140TB-P340284, Engine No. Nil, Model: Nil

    26. Nissan Sunny Car, Reg No. Nil, Chassis No. JN1BDAB14Z0336115, Engine No. GMI-6080565, Model: Nil

    27. Toyota Hilux Surf Jeep, Reg No. BF-3414, Chassis No. RZN185-9024668, Engine No. 3RZ-FE, Model: 2000

    28. Honda Accord, Reg No. AVP-786, Chassis No. CL7-3003313, Engine No. N/A, Model: Nil

    29. Toyota Altis Car, Reg No. AZR-182, Chassis No. ZZE142-7403917, Engine No. N/T, Model: N/T

    30. Hyundai Shehzore, Reg No.KH-4410, Chassis No. AUDF101061, Engine No. N/T, Model: N/T

    31. Mitsubmishi Pejero, Reg No.KB-1782, Chassis No. CL048VFY100117, Engine No. N/T, Model: N/T

    32. Toyota Probox, Reg No.Nil, Chassis No. NLP51-0006233, Engine No. INZ-TV014556, Model: 2004

    33. Toyota Raum car, Reg No.AHK-605, Chassis No. NCZ 20-00962014, Engine No. INZFE-0097850, Model: Nil

    34. Mitsubishi Pejero, Reg No. Nil, Chassis No. V45-4401374, Engine No. 2L2678454, Model: 1998

    35. Mitsubishi Pejero, Reg No.JAB-248, Chassis No. LJ78-00151955, Engine No. –TE, Model: Nil

    36. Mitsubishi Pejero (03 Door), Reg No.LSC-5465, Chassis No. V24-7700536, Engine No. 4D56-T7UF, Model: Nil

    37. Toyota Land Cruiser, Reg No.BD-4472, Chassis No. FZJ80-0022240, Engine No. N/T, Model:1992

    38. Toyota Land Cruiser, Reg No.BF-7385, Chassis No. HZJ80-0011965, Engine No. N/T, Model: Nil

    39. Toyota Land Cruiser, Reg No. Nil, Chassis No. LENFN28FX95300066, Engine No. 312684, Model: Nil

    40. Toyota Land Cruiser Prado, Reg No.JAF-883, Chassis No. IZJ78-0027017, Engine No.1KZIT, Model:1996

    41. Toyota Hilux Pickup, Reg No.WAE-893, Chassis No. RN43-008601, Engine No. Nil, Model: Nil

    42. Toyota Land Cruiser, Reg No.JAA-038, Chassis No. HJ61-006515, Engine No.1158881, Model:1987

    43. Toyota Land Cruiser, Reg No.JAA-195, Chassis No. LJ71-0003920, Engine No.2L-1651949, Model: Nil

    44. Hyundai Shehzore, Reg No.KN-9544, Chassis No. AUDF-128515, Engine No. Nil, Model:Nil

    45. Pejero, Reg No.JAA-983, Chassis No. CL0048VGJ400698, Engine No. Nil, Model: Nil

    46. Shahzor, Reg No.KP-6463, Chassis No. PHFGNSMXR7D138191, Engine No.D4BB6404789, Model:2007

    47. Toyota Land Cruiser, Reg No.JAC-265, Chassis No. KZJ78-0001358, Engine No.1KZ-TE-0005609, Model: Nil

    48. Toyota Prado, Reg No.BF-6548, Chassis No. VZJ121-0007375, Engine No.5VZ-FE3378, Model:2003

    49. Toyota Land Cruiser, Reg No.JAD-117, Chassis No. FZ-J80-0163691, Engine No. Nil, Model: Nil

    50. Hino Mazda Truck, Reg No. JW-1236, Chassis No. AK176KA-43256, Engine No. 12181, Model: 1992

    51. Toyota XLI Car, Reg No. GP-0896, Chassis No. NZE170R-4048738, Engine No. Z333007 (2ZN-FE), Model: 2015  

  • Withholding tax up to Rs200,000 imposed on sale of new car within 90 days

    Withholding tax up to Rs200,000 imposed on sale of new car within 90 days

    ISLAMABAD: The Federal Board of Revenue (FBR) has imposed up to Rs200,000 as withholding tax on sale of motor cars within 90 days of first registration, sources said on Monday.

    The withholding tax has been imposed till June 30, 2021. The revenue generation measure has been taken in order to discourage the trend of ‘on money’.

    Following withholding income tax rates have been imposed on motor vehicles:

    01. Tax rate at Rs50,000 has been imposed on sale of up to 1000CC motor vehicles.

    02. Tax rate at Rs100,000 has been imposed on sale of motor vehicles between 1000CC and 2000CC.

    03. Tax rate up to Rs200,000 has been imposed on motor vehicles with engine capacity of 2000CC and above.

    In order to apply the rates an amendment to Section 231B of Income Tax Ordinance, 2001 has been made.

    Following is the text of the amendment:

    “Every motor vehicle registration authority of Excise and Taxation Department shall collect advance tax from the buyers of locally manufactured motor vehicles who subsequently sell it within ninety days of delivery of such vehicle whether prior to or after registration.”

    The FBR said that no collection of the withholding tax under the new amendment would be made after June 30, 2021.

  • Tax collection from motor vehicle registration surges by 62 percent in 1HFY21

    Tax collection from motor vehicle registration surges by 62 percent in 1HFY21

    KARACHI: The collection of advance tax from the registration of new motor vehicles recorded a remarkable growth of 62 percent during the first half (July–December) of the current fiscal year (1HFY21), reflecting a rebound in economic activity and renewed demand in the automobile sector.

    (more…)
  • Pakistan Customs announces auction of huge lot of motor vehicles on Jan 14

    Pakistan Customs announces auction of huge lot of motor vehicles on Jan 14

    ISLAMABAD: Pakistan Customs has announced auction of huge lot of seized motor vehicles on January 14, 2021 at Customs House Airport road, Quetta.

    (more…)
  • Inland Revenue examines persons buying motor vehicles through customs auction

    Inland Revenue examines persons buying motor vehicles through customs auction

    KARACHI: The office of Inland Revenue (IR) of Federal Board of Revenue (FBR) has launched examination of persons who purchased large number of vehicles through customs auctions.

    Sources in IR said on Monday that the probe had been initiated on the directives of the Federal Tax Ombudsman (FTO) regarding some bidders were frequently indulged in participating in bidding and buying large number of vehicles.

    The FTO in a case of stuck up motor vehicles at ports, which were brought into Pakistan through personal baggage, transfer of residence or under gift schemes in violation of SRO 52(I)/2019 dated January 15, 2019 issued by the ministry of commerce.

    As per details till November 25, 2020 the number of stuck up vehicles were 587 at the MCC East and West. Around 167 vehicles were auctioned till the date under review.

    During the investigation of the case the FTO was told that a small number of so-call professional bidders purchased large number of vehicles regularly and then sell the same on huge profit in the open market.

    “One of the reasons of purchase of vehicles by these bidders is that many interested persons from the general public either do not possess NTN or they don’t want to bring their names on record due to various reasons including subsequent taxation, hence, they prefer to purchase goods or vehicles through these bidders,” the FTO was informed.

    The FTO was further informed that 62 bidders had purchased 167 vehicles auctioned during the period from July to November 2020, which 20 bidders purchased 117 vehicles.

    The sources said that the FTO was told that an e-auction was to be introduced by the FBR and in this regard SRO 1174(I)/2020 dated October 26, 2020 was already issued.

    However, date for implementation of e-auction rules would not be notified by the FBR later on as the e-auction module is still under development.

    Customs authorities assured the FTO stating that after implementation of e-auction, the goods ripe for auction would be disposed of without delay, besides, the mafia of professional bidders would be addressed, resulting in improvement in revenue realization.

    The findings of the FTO revealed: “During investigation, another aspect came to surface i.e. whether the bidders who participate in the auction proceedings declare their economic activities in their income tax returns.

    “It is most probable that these economic activities may not be monitored by the IRS Wing, which if monitored carefully with due diligence may enhance legitimate revenue of the government.

    “Thus, there is a need to share data/information with the concerned field formations of Inland Revenue so that this sector is brought into the tax net.”

    The FTO recommended that the Collector, MCC Appraisement and Facilitation East and West, Karachi to pass on information about the bidders who participated in auctions on regular basis to respective IRS field formations.

  • FBR obtains information of motor vehicle buyers

    FBR obtains information of motor vehicle buyers

    The Federal Board of Revenue (FBR) is taking significant steps to obtain detailed information about motor vehicle buyers from manufacturers.

    (more…)
  • Valuation procedure for undeclared motor vehicles

    Valuation procedure for undeclared motor vehicles

    The Federal Board of Revenue (FBR) has outlined a detailed procedure for the valuation of motor vehicles identified as undeclared or concealed assets in the Income Tax Rules, 2001.

    (more…)
  • Withholding tax rates on registration, transfer of motor vehicles updated

    Withholding tax rates on registration, transfer of motor vehicles updated

    ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rates on registration and transfer of motor vehicles for tax year 2021.

    The FBR updated the withholding tax card 2020-2021 (up to June 30, 2020) incorporating amendments made to Income Tax Ordinance, 2001 through Finance Act, 2020.

    The withholding tax rate under Section 231B on private motor vehicles

    Under this section motor vehicle registration authority shall collection withholding tax from persons getting new locally manufactured motor at the time of vehicle transferred in their name at the time of registration of new motor vehicle.

    The withheld tax shall be adjustable against liability.

    The tax rate shall be increased by 100 percent for persons not appearing on the Active Taxpayers List (ATL).

    The withholding tax rates under this section shall be:

    Engine CapacityFor ATLFor Non-ATL
    Up to 850CCRs7,500Rs15,000
    851CC to 1000CCRs15,000Rs30,000
    1001CC to 1300CCRs25,000Rs50,000
    1301CC to 1600CCRs50,000Rs100,000
    1601CC to 1800CCRs75,000Rs150,000
    1801CC to 2000CCRs100,000Rs200,000
    2001CC to 2500CCRs150,000Rs300,000
    2501CC to 3000CCRs200,000Rs400,000
    Above 3000CCRs250,000Rs500,000

    Withholding tax under Section 231B(1A)

    Every leasing company, scheduled bank, investment bank development finance institution, non-banking finance institution, MODARBA (Sharia compliant or under conventional mode) shall collect withholding tax from lessee at the time of lease.

    The withheld tax shall be adjustable.

    The tax rate shall be 4 percent of the value of motor vehicle on leasing of motor vehicle to persons not appearing in the Active Payers’ List.

    The withholding tax rates under Section 231B (2)

    Motor Vehicle Registration Authority shall collect withholding tax from person transferring the ownership / registration at the time of transfer.

    The withheld tax shall be adjustable against the liability.

    The rate of tax under sub-section (2) of section 231B shall be as follows-

    Engine CapacityFor ATLFor Non-ATL
    Up to 850CCRs0Rs0
    851CC to 1000CCRs5,000Rs10,000
    1001CC to 1300CCRs7,500Rs15,000
    1301CC to 1600CCRs12,500Rs25,000
    1601CC to 1800CCRs18,750Rs37,500
    1801CC to 2000CCRs25,000Rs50,000
    2001CC to 2500CCRs37,500Rs75,000
    2501CC to 3000CCRs50,000Rs100,000
    Above 3000CCRs62,500Rs125,000

    The withholding tax rates under Section 231B (3)

    Manufacturer of motor vehicle shall collect withholding tax from purchaser at the time of sale of vehicle.

    The withheld tax shall be adjustable against tax liability.

    The withholding tax rates under Division VII, Part IV of First Schedule of the Income Tax Ordinance, 2001 are as follow:

    Engine CapacityFor ATLFor Non-ATL
    Up to 850CCRs7,500Rs15,000
    851CC to 1000CCRs15,000Rs30,000
    1001CC to 1300CCRs25,000Rs50,000
    1301CC to 1600CCRs50,000Rs100,000
    1601CC to 1800CCRs75,000Rs150,000
    1801CC to 2000CCRs100,000Rs200,000
    2001CC to 2500CCRs150,000Rs300,000
    2501CC to 3000CCRs200,000Rs400,000
    Above 3000CCRs250,000Rs500,000
  • New slab for withholding tax on motor vehicle purchase recommended

    New slab for withholding tax on motor vehicle purchase recommended

    KARACHI: Regional Tax Office (RTO) – II Karachi has recommended revision in slab for withholding tax collection on purchase of new motor vehicles from next fiscal year.

    The RTO-II Karachi in its proposals for budget 2020/2021 suggested revision in existing slabs for withholding tax collection on motor vehicles.

    The RTO-II Karachi proposed to create a new rate of withholding tax on purchase of motor vehicle engine capacity below 850CC.

    At present the FBR is collecting Rs7500 as withholding tax on registration of new motor vehicle engine capacity up to 850CC. The RTO-II Karachi proposed to exempt withholding tax on vehicles of engine capacity up to 250CC.

    The tax office suggested to create slab of Rs3,000 for registration of new motor vehicles with engine capacity between 251CC to 650CC.

    Similarly, the RTO-II Karachi also suggested to bring change slabs of withholding tax rate on transfer of ownership of motor vehicles.

    At present motor vehicles up to 850CC is exempted from tax at the time of transfer first tax rate is applicable at Rs5000 on engine capacity between 851CC to 1000CC.

    The RTO-II Karachi suggested that the withholding tax rate should be exempted on transfer of motor vehicle up to 650CC. The tax office suggested that the tax rate for first slab should be Rs5000 for the motor vehicle transfer of engine capacity between 651CC to 1000CC.

    The regional tax office recommended change in slabs of motor vehicle tax. Whereas, at present the motor vehicle tax on engine capacity up to 1000CC is Rs800.

    The tax office proposed that motor vehicle tax rate should be exempted on vehicle with engine capacity up to 250CC. Meanwhile, the motor vehicle tax should be Rs800 on engine capacity between 251CC to 1000CC.