KARACHI: Federal Board of Revenue (FBR) has notified different withholding tax rates for goods transport vehicles to be paid by filers and non-filers of income tax return.
According to Withholding Tax Card 2017/2018, under Section 234 of Income Tax Ordinance, a person collection motor vehicle tax shall collect withholding tax from owner of motor vehicle at the time of collecting motor vehicle tax either in installment or lump sum.
The tax is adjustable.
According to it
i. In the case of goods transport vehicles: filer shall pay Rs2.5 per kg of the laden weight and non-filers shall pay Rs4 per kg of the laden weight.
1A. Transport vehicle with laden weight of 8,120 kg or more after a period ten years from the date of first registration the withholding tax rate shall be Rs1,200 per annum.
2. In case of passenger transport vehicle plying for hire, seating capacity, the withholding tax rate shall be:
Rs per seat per annum
|4 or more persons but less than 10 persons||Rs50||Rs100|
|10 more persons but less than 20 persons||Rs100||Rs200|
|20 persons or more||Rs300||Rs500|
3. Other private motor vehicles, including car, jeep, van, sport utility vehicle, pickup, truks for private use, caravan, automobile, limousine, wagon or any other automobile used for private purpose:
|Up to 1,000CC||Rs800||Rs1,200|
|1,001CC to 1,199CC||Rs1,500||Rs4,000|
|1,200CC to 1,299CC||Rs1,750||Rs5,000|
|1,300CC to 1,499CC||Rs2,500||Rs7,500|
|1,500CC to 1,599CC||Rs3,750||Rs12,000|
|1,600CC to 1,999CC||Rs4,500||Rs15,000|
|2,000CC & above||Rs10,000||Rs30,000|