Highlights of Tax Laws (Amendment) Ordinance, 2021

ISLAMABAD: The federal cabinet approved the Tax Laws (Amendment) Ordinance, 2021 in its meeting held on February 09, 2021. According the approved draft of the ordinance, the government is making certain amendments in: Customs Act, 1969; Sales Tax Act, 1990; Federal Excise Act, 2005; and Income Tax Ordinance, 2001. A major relief has been granted […]

by Mrs. Anjum Shahnawaz

Withholding tax imposed on motor vehicle sale to discourage ‘on money’

Feb 11

Automotive, Taxation

Withholding tax imposed on motor vehicle sale to discourage ‘on money’

ISLAMABAD: The federal government has approved an additional withholding tax on motor vehicles sold within 90 days of delivery in order to discourage ‘on money’ trend, sources said on Wednesday. The federal cabinet in its meeting on February 09, 2020 approved the Tax (Amendment) Ordinance, 2021 to implement through a presidential ordinance. The sources said […]

by Mrs. Anjum Shahnawaz