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Featured FBR to Impose Sales Tax on Used Cars

CSPK

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The Federal Board of Revenue (FBR) has announced a decision to collect sales tax from sales & purchase of used-cars, unveiling valuation mechanism for the taxation.

The FBR issued rules to regulate the business of used-cars and collect sales tax from trading of these vehicles through a statutory regulatory order (SRO 931 (I)/2020). According to a tax official, FBR will get 17% sales tax on such transactions and if the sale of a used car is made to an unregistered person (non-filer) then a further 3% tax will be imposed.

FBR says that a large number of car dealers are engaged in the business of sale/purchase of used vehicles but they are neither registered with the tax authorities nor paying sales tax on the transactions. Under the Finance Act 2020, an amendment was made into the Sales Tax Act 1990.

Read more: https://www.carspiritpk.com/2020/10/fbr-to-impose-sales-tax-on-used-cars/
 

Village life

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They want to stop each and every business in Pakistan , taking revenge from public of their own failures , instead of registering the car showroms these babos are hitting the whole business,
 

Syed1.

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That's how its in the west as well. You earn an income on the sale of a car, you are liable to pay tax on it.


Good step, PTI is reforming the system from inside out. Obviously dehati paindus who barely ever stepped out of their pind won't understand it.
 

Village life

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That's how its in the west as well. You earn an income on the sale of a car, you are liable to pay tax on it.


Good step, PTI is reforming the system from inside out. Obviously dehati paindus who barely ever stepped out of their pind won't understand it.
Arrogant illiterate who is comparing Pakistan to Europe without knowing that in Europe the cars are 100 percent cheaper than Pakistan due to low taxation , and on second hand used cars almost no tax if owner himself sells it, pr kaya karain prhay likhay jahil insan bhi Hain yahan Jinko Paris bhi lay jao tu jahil he rahain gay ,
 
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Syed1.

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Arrogant illiterate who is comparing Pakistan to Europe without knowing that in Europe the cars are 100 percent cheaper than Pakistan due to low taxation , and on second hand used cars almost no tax if owner himself sells it, pr kaya karain prhay likhay jahil insan bhi Hain yahan Jinko Paris bhi lay jao tu jahil he rahain gay ,
You literally named yourself VILLAGE life..... Not surprised at your ignorance.



I'm not well versed on Europe but in Canada even if you sell your call privately you have to declare the income earned in your tax returns. I'm sure the situation is the same in Europe.



Don't forget your level.
 

Village life

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You literally named yourself VILLAGE life..... Not surprised at your ignorance.



I'm not well versed on Europe but in Canada even if you sell your call privately you have to declare the income earned in your tax returns. I'm sure the situation is the same in Europe.



Don't forget your level.
Isnt it enough to declare you dumb that you believe every metropolitan was a metropolitan since the start of civilization ? you moron need to know every civilization started from small village ! It was the basic unit of bigger metropolitans and most of intellectuals belonged to villages and even most of the prophets ( a s w) suffiees Saints belonged to small villages,
 
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Syed1.

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Isnt it enough to declare you dumb that you believe every metropolitan was a metropolitan since the start of civilization ? you moron need to know every civilization started from small village ! It was the basic unit of bigger metropolitans and most of intellectuals belonged to villages and even most of the prophets ( a s w) suffiees Saints belonged to small villages, secondly I believe you are not a true Syed you are a fake or made up Syed as in subcontinent it was a custom that the peoples who borned on the day of juma later declared themselves as Sayed origionali they were marassi , Chachi , rasdhariay , munghrar etc,
@PDF
 

HttpError

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But government should reduce taxes on the new cars as the prices are getting out of hands and manufactures are producing sub-par cars and offering low-quality cars which lack features.

At-least government should regulate or introduce a minimum safety standard for all auto-manufactures.

A car like Honda Civic 1.8 has almost reached to 4.5 Million which is insane.
 

Falcon26

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They want to stop each and every business in Pakistan , taking revenge from public of their own failures , instead of registering the car showroms these babos are hitting the whole business,
Pay tax. Used vehicles are taxed in majority of the world. Only banana republics refuse to do so. Heck, there should be a carbon tax in Pakistan, as well. People like you and others should be taxed till death so that this abhorrent culture of tax evasion ends and Pakistan can stand on its own fee, free from IMF and thieving political dynasties.
 

jupiter2007

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You literally named yourself VILLAGE life..... Not surprised at your ignorance.



I'm not well versed on Europe but in Canada even if you sell your call privately you have to declare the income earned in your tax returns. I'm sure the situation is the same in Europe.



Don't forget your level.
In DC/Virginia we have to pay county property tax on the Cars every year, yearly (or two year) state registration fee, yearly car inspection and buy car insurance. Even if you buy a used car, you have to pay taxes and title fees.
 
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Yaseen1

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people will easily evade this tax as already many people sale used cars without transferring ownership on papers
 

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