FBR increases sales tax on cars

Islamabad: The Federal Board of Revenue (FBR) has increased sales tax for 25 percent on cars which manufactured in the country.

According to the details, the sales tax was 18 percent earlier and then it got increase to 25 percent to achieve the targeted tax of the current financial year. The FBR also issued a notification regarding to increase sales tax from March 8.

The cars that manufactured in Pakistan will be taken of sales tax to 25 percent on 1400CC cars whereas the extra sales tax will be imposed on those cars whose price is 40,00000 or more than that.

It should be noted that this decision has been taken amid to get more revenue for the betterment of the country.