Withholding tax rates on transfer of motor car ownership

Withholding tax rates on transfer of motor car ownership

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

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