RD on vehicles import increased by 100%
KARACHI: Revenue Division has raised the rate of regulatory duty to 100 per cent on import of motor vehicles into the country. The Federal Board of Revenue (FBR) issued SRO…
FED in range of 2.5% to 7.5% imposed on locally assembled cars
KARACHI: The Federal Budget 2019-20 has proposed Federal Excise Duty (FED) in the range of 2.5% to 7.5% on locally manufactured or assembled motor cars, SUVs and other motor vehicles,…
FBR notifies revised advance tax rates on motor vehicles registration and transfer of ownership
KARACHI: The Federal Board of Revenue (FBR) has notified revised rates of withholding tax for Section 231B of the Income Tax Ordinance, 2001 effective July 01, 2015. Advance tax on…