No new tax on bike, rickshaw: FBR

Published July 26, 2019
An official statement issued said that no change or increase in tax has been levied on motor vehicles. — Dawn/File
An official statement issued said that no change or increase in tax has been levied on motor vehicles. — Dawn/File

ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that no new withholding tax is being levied on motorcycle and auto rickshaw.

An official statement issued said that no change or increase in tax has been levied on motor vehicles under section 231B and 234 of Income Tax Ordinance 2001.

Further, there is no suggestion under consideration to levy tax on motorcycle and auto rickshaw. The tax is levied only on cars as per Income Tax Ordinance 2001. The government is working to provide facilities to the less income segment of society, added the announcement.

Published in Dawn, July 26th, 2019

Opinion

Editorial

Who should vote?
06 Dec 2021

Who should vote?

Logistical issues regarding transparency in the casting of votes also require detailed deliberations.
06 Dec 2021

Weak fundamentals

LAST week, Pakistan’s finance chief Shaukat Tarin sought to reassure the markets and people that our economic...
06 Dec 2021

Winter sports potential

FOR a country blessed with three of the world’s most famous mountain ranges, Pakistan has produced precious few...
Horror in Sialkot
Updated 05 Dec 2021

Horror in Sialkot

All it takes now is an allegation of blasphemy and an individual or two to incite a mob to commit murder.
05 Dec 2021

Iran deadlock

EFFORTS to revive the landmark 2015 Iran nuclear deal in the Austrian capital of Vienna appear to be deadlocked, and...
05 Dec 2021

Reality of AIDS

AS World AIDS Day was marked on Dec 1, it came as a sobering reminder of how newer, major health hazards — the...