Advance Tax

With an aim to urge non-filers to pay taxes, the Pakistan Business Council (PBC) has suggested that the Federal Board of Revenue (FBR) implement higher advance taxes on their utility bills, real estate…

The government presented the Annual Budget 2022-2023 on Friday. The new budget has proposed to increase the Advance Tax on cars  from 100% to 200% for non-filers. Currently, Advance Tax for non-filer citizens…

The government presented the Annual Budget 2022-2023 on Friday. The new budget proposed to increase the Advance Tax on cars above 1600cc without mentioning the inflation percentage for filers. Soon after, the…

The first draft of the Annual Budget 2022-23 is here, presented by our Finance Minister Miftah Ismail in the National Assembly. The new budget has proposed to increase the Advance Tax, also known as…

We don't need to tell you guys that the 'ON Money' menace is serious, and almost every new car buyer faces it in Pakistan. To get their cars immediately, people have to pay a premium and that is not fair. The…

In an effort to tackle the menace of 'ON Money', the federal government has imposed Advance Tax. The tax ranges from Rs50,000 to Rs200,000 on different cars. As per details, the advance tax will be imposed on…