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Browsing Tag
Tax on cars
The Finance Act 2023 has brought about significant changes in the tax landscape, especially concerning completely knocked down (CKD) cars and registration of electric vehicles (E-vehicles). However, the act has…
Though not 1400cc, 25% GST on Peugeot 2008 & Stonic
Today’s hot news is that the government has imposed a flat 25% GST on locally assembled 1400cc and above cars. The Federal Board of Revenue (FBR) issued a new sales tax notification under SRO 297(1)/2023…
FBR Reduces Tax on Cars Worth Over Rs. 50 Lacs
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…
Budget 2022-23 – Extra Tax on Cars Worth Over Rs. 50 Lacs
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…
Here is New Advance Tax on Cars for Filers
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…
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