Karachi, January 3, 2024 – As the New Year unfolds, the Federal Board of Revenue (FBR) in Pakistan has provided clarity on the tax rates applicable to prize bond winnings for the year 2024.
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Tax Rates on Property Transactions for Tax Year 2024
Karachi, December 30, 2023 – The tax rates on property transactions, encompassing both sale and purchase, have been officially announced for the tax year 2024 in Pakistan.
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New Tax Rates for Business Individuals and AOPs Effective From July 01, 2023
Islamabad, June 26, 2023 – The National Assembly of Pakistan has approved new tax rates for business individuals and Association of Persons (AOPs) as part of the budget for the fiscal year 2023-24.
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Motor vehicle tax rates applicable in Sindh
KARACHI: Following are the motor vehicle tax rates issued by Sindh Excise and Taxation Department for various categories of locally manufactured vehicles.
(a) i)
ii) Motorcycle/Scooter not already registered not more than 149 cc
Motorcycle/Scooter 150cc and above: Rs. 1800/- once for all
Rs. 3000 once for all
(b) Motorcycle/Scooter already registered and since first registration, the vehicle
i Has not completed 5 years Rs. 600/- once for all or Rs. 80/- per annum
ii Has completed 5 years but not completed 10 years Rs.300/- once for all or Rs.80/- per annum
iii Has completed 10 years but not completed 15 years Rs. 100/- once for all or Rs. 80/- per annum
(c) i Motor cars/Jeeps etc (Non-Commercial) having engine capacity up to 1000cc not already registered Rs.20000/-once for all
ii Motor cars /jeeps etc (Non-Commercial) having engine capacity upto 1000 cc already registered having up to tax payment and since first registration the vehicles
a) Has completed 5 years but not completed 5 years
Rs.15,000
Following are the luxury tax for the imported vehicles at the time of registration:
S no. Category of Motor Vehicle Rate of Fee
1 Imported motor Cars with the engine Capacity from 3000 CC & above Rs.150,000/-
2 Imported motor Cars with the engine Capacity from 2000 CC to 2999 CC Rs.75,000/-
3 Imported motor Cars with the engine Capacity from 1500 CC to 1999 C Rs.5000/-
4 Locally manufactured or assembled motor cars with engine capacity from 1500 CC and Above Rs.5000/-.