Pakistan's Dedicated Automobile Blog
The Federal Board of Revenue (FBR) is considering collecting lifetime income tax from the owners of cars with engine capacities ranging up to 1,000 cc. Lifetime token tax is already collected by the provinces on small cars however now FBR is seeking to recover lifetime income tax from the lower middle class citizens.
Read More
The government in its recent financial amendments, have allowed non-filers of tax returns to buy new cars. Earlier in the first financial amendment made in January 2019, the government allowed …
Read More
The government in its recent financial amendment bill, allowed non-filers of tax returns to buy new cars. The restriction was imposed through Finance Act 2018, which caused hue and cry …
Read More
Honda wants the government to allow non-filers to purchase 1,350cc vehicles instead of the 1,300cc as announced in the mini-budget.
Read More
As per the new financial amendments, government has allowed non-filers to purchase new cars up to 1300cc engine capacity.
Read More
A petition has been files in the Islamabad High Court (IHC) on behalf of an auto dealer against the government’s policy that restricts non-filers of income tax returns from purchasing …
Read More
The Cabinet’s Economic Coordination Committee (ECC) made three changes on Tuesday to the supplementary budget it presented on September 18, reversing a key directive that once restricted non-filers from buying …
Read More
Automakers including existing and the new entrants are divided in their views of what the restriction on non-filers of tax returns means for the auto industry. Speaking to Dawn, some …
Read More
Stocks in the automobile sector gleamed at the Pakistan Stock Exchange on Tuesday because of the revised finance bill lifting the ban on purchase of new cars by non-filers of …
Read More
Sales of locally assembled automobiles dropped for the second consecutive month in June, this time too by 15% month-on-month, according to data released by the Pakistan Automotive Manufacturers Association (PAMA). …
Read More