Friday, 20 September 2024
Trending
8009 Nadra family verification system | 8009 Nadra online check | 8009 sms Nadra Apple IPhone XS Max PTA and Import TAX in Pakistan | Non PTA price in Pakistan 1500 Prize Bond Draw List 15 August 2022 Lesco Bill Check Online 2022 | How to Get Lesco Duplicate Bill Online How to Check and Verify Vehicle Ownership | Car Registration Online Check 750 Prize Bond List 2022 | Prize Bond Schedule 2022 How to Check Number of Mobile SIMs Issued Against Your CNIC Prize Bond 750 list 2022 | Prize Bond Schedule 2022 200 Prize Bond Draw List 2022 15th March 2022 – Prize Bond Draw Schedule Dates and Results 2022 PM Imran Khan Big Incentive for Construction Industry In Pakistan FBR warns retail stores to register with point of sale (POS) System to avoid heavy fines FBR increased the limit of turnover for withholding agents Ministry of commerce announced the import policy of new and used cars under Import Policy Order, 2020 Free use of foreign currency account outside Pakistan stopped by government FBR sealed Jazz head office for non-payment of taxes Taxpayers Profiling: Submit otherwise ready to be inactive Digital Pakistan: PTCL to launch public Cloud platform State Bank of Pakistan (SBP) authorized to non-resident individuals holding Pakistan Origin Card (POC) to open foreign currency account Pakistan launches National Job Portal Sales tax rates | Third Schedule goods | Eighth Schedule goods | Retail price | Reduced rate of sales tax Cyber security advisory issued by PRAL for FBR employees working from home Taxpayers are still allowed to file income tax returns: FBR Withholding tax on Pakistan-made mobile phones abolished Annual Income tax return filing last date December 31 2020 for companies FBR's datewise activities in year 2020 Government appointed permanent chairman of the FBR after six months The State bank of Pakistan launching a new payment system called ‘Raast’ Japan action against trade of illegal used cars in Pakistan FBR called for income tax proposals for 2021/2022 budget Taxpayer bound to make e-payment of duties and taxes over Rs 1 million: FBR Tax on Agricultural Income in Pakistan Taxpayers to update profile to avoid penalty, and exclusion from ATL National Tax Council (NTC) lacks the constitutional Cover My Refund in IRS Customers complaints: HBL Bank on Top of the list Cabinet approved budget proposals to meet the IMF's Demands FBR Submits Proposed Tax Exemptions Withdrawal Bill in National Assembly secretariat PTBA Proposed the FBR to extend the last date for updating taxpayers’ profile Pakistan to import sugar, cotton from India: Hammad Azhar Press Conference Rupee Becomes the World's Best Performing Currency against Dollar FBR to reintroduce track and trace system for tobacco products by the end of June 2021 Withdrawal Of 15,000 & 7,500 Denomination National Prize Bonds From Circulation FBR Reduces Sales Tax Rate on Petroleum Products Lahore High Court dismisses plea against ban on Rs 7,500 prize bond SBP extends prize bond encashment deadline Shaukat Tarin warns Tax defaulters of action after third-party audit Real Estate Sector Demands Extension In Construction Package & Amnesty Scheme Proposed Federal Development Budget Senate Panel criticized FBR for sending tax notices Taxpayers to update profile to remain in ATL and skip fine
Electric Cars Price Tax Reductions
UPDATES

Govt Preparing to Increase Consumption of Electric Vehicles by Reducing Taxes and Prices

By

Relevant institutions have taken practical steps to increase the use of electric vehicles in Pakistan by reducing tax and prices.

Rana Qamar Al Hassan, Director, Excise and Taxation Department, Punjab, said that the government planned to increase the use of electricity instead of petrol in vehicles so as to reduce the import of petrol at high prices along with environmental pollution. It also decided to reduce the excise tax on vehicles. It proposed to the government to reduce the excise tax on vehicles up to 2,000 cc and bring it to the level of Islamabad.

The excise department has decided to reduce the applicable registration fee by 50% and token tax by 75%. Depending on the horsepower of electric vehicles. This will also affect the prices of vehicles and increase usage.

Parliamentary Secretary for Commerce Alia Hamza said the government was investing 1 billion dollar to boost the auto industry. Govt planned to set up new plants and units. The launch of seven new manufacturers has created a competitive atmosphere in the market. Which has increased the quality and variety of vehicles. It will also reduce prices, and local production of vehicles and motorcycles. The new policy aims to provide affordable, quality and safe vehicles to the citizens.

tax accounting services top tax consultants lahore pakistan
Ads:

Electric Cars | Taxes | Excise Tax | Import of Cars | Reduction | Price | FBR | Federal Board of Revenue |

See also  Sales tax zero rated Supplies in Pakistan
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]

Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: