The Federal Board of Revenue (FBR) has announced a fresh tax update for imported used vehicles, bringing relief for buyers considering cars below the 1,800cc category.
Pakistan has reduced the regulatory duty on the commercial import of used vehicles with engine capacities below 1,800cc, with the revised rate taking effect from July 1.
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The Federal Board of Revenue (FBR) issued a notification announcing the reduction in the additional regulatory duty on eligible imported used vehicles.
According to the notification, the additional regulatory duty has been reduced from 40 percent to 30 percent for the commercial import of used vehicles with engine capacities below 1,800cc.
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The FBR clarified that the revised 30 percent regulatory duty will be levied in addition to the existing applicable customs duties and taxes.
Media reports revealed that the government plans to gradually reduce the additional regulatory duty by 10 percentage points each year, with the duty expected to be completely phased out by 2030.
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Pakistan currently permits the commercial import of used vehicles under amendments introduced to the Import Policy Order 2022.
However, all imported vehicles must continue to comply with the country’s environmental regulations and vehicle safety standards before they are allowed entry into the local market.
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