FBR TAX CARD

1 Special provisions in the First Schedule, Part-IV, Division-VII (clause 1) for rates against sections 231B(1) & 231B(3): Provided that the value for the purpose of 2[ ] of the above Table shall be in case of motor vehicle – (i) imported in Pakistan, the import value assessed by the Customs authorities as increased by customs duty, federal excise duty and sales tax payable at import stage; (ii) manufactured or assembled locally in Pakistan, the invoice value inclusive of all duties and taxes; or (iii) auctioned, the auction value inclusive of all duties and taxes: Provided further that in cases where engine capacity is not applicable and the value of vehicle is Rupees five million or more, the rate of tax collectible shall be 3% of the import value as increased by customs duty, sales tax and federal excise duty in case of imported vehicles or invoice value in case of locally manufactured or assembled vehicles. 2 Special provisions in the First Schedule, Part-IV, Division-VII (clause 2) for rates against section 231B(2): Provided that where the engine capacity is not applicable and value of vehicle is Rupees five million or more, the rate of tax collectible shall be Rupees twenty thousand; Provided further that the rate of tax to be collected under this clause shall be reduced by ten percent each year from the date of first registration in Pakistan. 3 Special provisions for rates against section 234: As per sub-rule (ha) of Tenth Schedule, tax collected under section 234 during the period starting from the date of commencement of Tax Laws (Second Amendment) Ordinance, 2022 and ending on the 30th day of June 2023 in respect of goods transport and passenger transport vehicle shall not be increased by hundred percent.