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Exemption of customs duty and additional sales tax on the import of four-wheel electric vehicles. Only 1% sales tax on locally manufactured electric vehicles (power up to 50 kwh). Also 1% sales tax on light vehicles (power up to 150 kwh). Import duty on the import of batteries and charging equipment is reduced to only 1%;
Pakistan is the 23rd largest producer of automobiles. Its contribution to the national exchequer is nearly Rs. 50-billion (US$220 million). Pakistan's auto market is among the fastest growing in Asia. 269,792 cars were sold in 2018, but this number declined to 186,716 in 2019 due to austerity measures.
The Excise, Taxation & Narcotics Control Department is a department of Government of Punjab, Pakistan. The Excise, Taxation & Narcotics Control Department collects various taxes and duties and suggests ways and means for additional resource mobilization in the Province. [1] Various type of taxes department collects include: [2] Motor Vehicle Tax.
Motor Vehicles Fitness Certificate; Motor Vehicles Tax; Route Permit; Issues from 1971 to 1990 were inscribed Government of Sind, but from 1991 onwards the spelling was changed to Government of Sindh. From the 1990s onwards Sindh has also issued stamps to pay for shooting permits. These do not follow the 'keytype' designs and are not issued ...
Vehicle registration plates of Pakistan. Vehicle registration plates of Pakistan are issued by an agency of the provincial or territorial government. Generally, the appearance of plates is frequently chosen to contain symbols, colours, or slogans associated with the issuing jurisdiction. All vehicle registration plates use the Latin alphabet.
The Inland Revenue Service ( IRS) is a department of the Federal Board of Revenue (FBR) in Pakistan. It was established in 2009 and holds the responsibility for overseeing various aspects of domestic taxation, encompassing Sales Tax, Income Tax, and Federal Excise Duty. [ 1][ 2]
Pak Suzuki Motor Company Limited (PSMCL) is a Pakistani automobile company which is a subsidiary of Japanese automaker Suzuki. [2] [3] It is the Pakistani assembler and distributor of cars manufactured by Suzuki and its subsidiaries and foreign divisions. [4] Currently Pak Suzuki is the largest car assembler in Pakistan.
Consumers can receive tax credits of up to $4,000 — or 30% of the vehicle price, whichever is less — for buying EVs that are at least two years old. But the used EV must cost less than $25,000.