ISLAMABAD: In order to discourage the ‘On Money’ practice, the government has decided to slap tax on those selling their new cars within 90 days of the purchase.
According to details, the government decided to impose up to Rs200,000 additional withholding tax on purchasing new cars. “It is aimed at discouraging ‘On Money’ on cars,” a top official of FBR told this correspondent.
For cars up to 1000cc cars, there will be additional WHT of Rs50,000, while for 2000cc cars, there will be Rs100,000 tax.
“This is only to avoid selling cars before 90-day period,” the official said, adding that it was aimed at discouraging trading of cars.
Pattan Coalition-38 is network of CSOs, labour unions, CBOs, and intellectuals
PHC acting Chief Justice SM Atiqque Shah heard case
Lakhodair landfill was chosen for its high potential in methane reduction
Warning follows Energy Taskforce’s January 10, 2025, proposal to revise PPAs with IPPs financed by DFIs
Gen Chaudhry engaged with attendees in discussion covering aspects of Pakistan’s internal and external security
Masroor Khan was appointed Ogra for four years on February 18, 2021