Tag: tax rates

  • Tax Rates on Prize Bond Winnings for 2024

    Tax Rates on Prize Bond Winnings for 2024

    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

    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

    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

    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/-.