Newly Imposed 17% Gross sales Tax on Used Automobiles Defined | PakWheels

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Federal Bureau of Income (FBR) has introduced a gross sales tax on gross sales and purchases of used automobiles.

In accordance with FBR, new guidelines will regulate the commerce of used automobiles within the nation.

Underneath new laws, FBR will get a 17% gross sales tax on these transactions. “If an unregistered dealer (non-filer) will purchase a used automobile, then an extra three % tax can be imposed,” FBR mentioned.

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Extra Particulars: https://www.pakwheels.com/blog/fbr-slapped-sales-tax-on-used-cars-trade/

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