https://www.brecorder.com/news/40365386/brakes-on
ISLAMABAD: The government is likely to impose standard rate of 18 percent sales tax on locally manufactured or assembled motorcars having engine capacity 850cc in budget (25-26).
In this connection, the Federal Board of Revenue (FBR) is reviewing the budget proposal to amend the Eighth Schedule of the Sales Tax Act 1990.
Presently, 12.5 percent sales tax is applicable on locally manufactured or assembled motorcars of cylinder capacity up to 850cc. In case FBR’s proposal is approved, the FBR will delete entry number 72 of the Eighth Schedule of the Sales Tax Act 1990.
