ISLAMABAD: Federal Board of Revenue (FBR) has issued updated rates of withholding tax on transfers of registration or ownership of motor vehicles during the year 2021/2022.
Motor vehicle registration authority is responsible to collect the withholding tax on transfer of registration or ownership of motor vehicle under Section 231B(2) of the Income Tax Ordinance, 2001.
The provincial authority collects the tax at the time of transfer from person transferring the ownership or registration
WITHHOLDING TAX CARD 2021/2022
The rate of advance tax on transfer of ownership of motor vehicles:
Up to 850cc: zero
851cc to 1000cc: Rs5,000 and for persons not on ATL Rs10,000
1001cc to 1300cc: Rs7,500 and for persons not on ATL Rs15,000
1301c to 1600cc: Rs12,500 and for persons not on ATL Rs25,000
1601cc to 1800cc: Rs18,750 and for persons not on ATL Rs37,500
1801cc to 2000cc: Rs25,000 and for persons not on ATL Rs50,000
2001cc to 2500cc: Rs37,500 and for persons not on ATL Rs75,000
2501cc to 3000cc: Rs50,000 and for persons not on ATL Rs100,000
Above 3000cc: Rs62,500 and for persons not on ATL Rs125,000
