KARACHI: Federal Board of Revenue (FBR) has notified withholding tax rates for filers and non-filers on registration of new locally manufactured motor vehicles.
According to Withholding Tax Card 2017/2018, the FBR said that under Section 231B of Income Tax Ordinance, 2001, motor vehicle registration authority shall collect withholding tax from persons getting new locally manufactured motor vehicle transferred in the name of filers or non-filers of income tax return at the time of registration of new motor vehicles.
Following are the withholding tax rates notified by the FBR for filers and non-filers on registration of new motor vehicles of different engine capacity:
|Registration of Motor Vehicles||Filer||Non-Filer|
|Up to 850CC||Rs7,500||Rs10,000|
|851CC to 1,000CC||Rs15,000||Rs25,000|
|1,001CC to 1,300CC||Rs25,000||Rs40,000|
|1,301CC to 1,600CC||Rs50,000||Rs100,000|
|1,601CC to 1,800CC||Rs75,000||Rs150,000|
|1,801CC to 2,000CC||Rs100,000||Rs200,000|
|2,001CC to 2,500CC||Rs150,000||Rs300,000|
|2,501CC to 3,000CC||Rs200,000||Rs400,000|