Withholding Tax

Budget for fiscal year 2025-26 is just around the corner, and consumers planning to buy a car are anxiously waiting to see what it brings—whether there will be any relief or yet another hike in taxes and duties…

Big changes are on the horizon for Pakistan’s auto industry. The Federal Board of Revenue (FBR) has proposed a hike in Withholding Tax (WHT) rates on vehicles with engine capacities above 1,300cc, as part of…

Not surprisingly, Chery Pakistan has announced a price hike for its crossover SUVs, Tiggo 4 Pro and Tiggo 8 Pro. However, the company has made a slight upgrade in the calculation of the price, as it has…

Two weeks back, when the federal government proposed the new withholding tax in fiscal budget 2024-25, we informed you in our blog that car prices would be increased soon after the budget was approved. And…

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 federal government has decided to tackle the issue of 'On Money' on selling of cars by specific individuals. The decision was taken during a meeting of Economic Coordination Committee (ECC) on December 16.…