Capital Value Tax

Last week, we informed you that the Federal Board of Revenue (FBR) had proposed increasing the Federal Excise Duty (FED) on both locally assembled and imported motor vehicles. The institution wants to introduce…

So, there is an update regarding Capital Value Tax (CVT) for you guys, and this one is not so good. Before telling you the new update, here is a brief recap of this tax. In Finance Bill 2022-23, the government…

Earlier this month, the government of Pakistan presented the Annual Budget 2022-23. In the new budget, the government proposed to impose an extra tax on cars with price over Rs. 5 million (50 lacs). Later, the…

Although there was no mention in Finance Minister Miftah Ismail's budget speech, the Finance Bill 2022 document has revealed a new tax on cars. According to the document, the government has proposed Capital…