Tax on cars

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…

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…

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…