FBR

It seems the bad days for the auto industry will continue for the foreseeable future. The dollar is going up continuously, then there are production shutdowns, followed by no LCs by the State Bank of Pakistan…

Federal Board of Revenue (FBR) has imposed additional customs duty (ACD) on several imported items, including car parts. According to a new SRO 1930(1) 2022 issued by FBR yesterday, the duty would now be…

The Federal Board of Revenue (FBR) has denied reports that it has allowed the duty-free import of bulletproof cars. The statement came after some media reports emerged that retired three- and four-star officers…

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…

The Public Accounts Committee (PAC) has directed the Federal Bureau of Revenue (FBR) to restart the investigation against MG Motor Pakistan over the under-invoicing scandal. As per media reports, PAC has…

In a major victory for Pak Suzuki consumers, President Arif Alvi has upheld the order of the Federal Tax Ombudsman (FTO) to refund the amount of Sales Tax over 12.5%, received from the Suzuki vehicles'…

The local car industry and media are abuzz with alleged 'under-invoicing scam' involving Morris Garage (MG) Motors. The reports suggested that declared value at customs of MG HS  is $11,632 per unit. The media…

The government of Pakistan has taken another step to promote electric vehicle technology in the country. The Federal Board of Revenue (FBR) has exempted Additional Customs Duty (ACD) on the import of electric…

The Federal Tax Ombudsman (FTO) has found more than 500 non-cleared stranded vehicles at the Karachi port. As per FTO’s Own Motion investigation, the vehicles have been imported in violation of Statutory…

Federal Bureau of Revenue (FBR) has announced a sales tax on sales and purchases of used cars. The board unveiled a valuation mechanism for the taxation in statutory regulatory order (SRO 931 (I)/2020)…

The federal government has allowed the amendment in Customs Duty-Free Cars import under the disabled persons' scheme.The government has increased the income bracket of the person importing the vehicle under the…

Pakistan’s auto sector is at odds with the Federal Board of Revenue (FBR) over data demand. The local car assemblers/manufacturers have asked the government institution not to ask for data from the sector.…

The car owners and consumers are facing difficulties and issues one-after-another. The latest problem owners in Punjab are facing is while paying token tax online. According to details, the owners of 2016-17…

Recently, the government has lifted a ban on non-filers to purchase cars above 1300cc engine capacity. The change in policy was lauded by many. However, now, as per news media outlets, while the non-filers are…

The Federal Board of Revenue (FBR) has scrapped the additional 2% duty on almost 200 items including auto parts, reports a local media outlet. As per details, the authority has issued a notification in this…