No increase in token, registration taxes on cars: FBR
Misconception created due to a typing error
The Federal Board of Revenue has strongly rebutted the perception that the rate of tax has been changed in the financial budget 2019 for token payment and registration of cars.
After verification, it was noted that this misconception was created due to a typographical mistake which was rectified in the Finance Act, 2019, says a statement issued by the FBR on Tuesday.
The rate of tax for the token payment and registration of cars remains the same as last year, the statement confirmed.
There is no enhancement or reduction in the tax rate. FBR’s statement also clarified that no tax has been levied on private cars on the basis of seating capacity.
However, people who have not filed their tax returns will have to pay double in taxes than those who are on the Active Taxpayer List.
Any person who thinks he is not eligible to pay tax can inform the FBR beforehand so they can be considered for exemption from payment of this additional tax.
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i purchased a cultus car in august 2009. now eto islamabad office demanding rs 21000 for token tax.
where fbr saying no token tax increased.
what is joke?
I Have Toyota Corona 1600 cc , Model 1979 . its token tax annually was 348/- But Now GPO G- 9 Ask me about 4500/- as token tax . I Requested ,If I have new model Car then Its OK . But its Too Old Car about 40 Years . and 4500/- is too big money . please reduce fee on old cars . thnks
totally agree with Mr. Mirza Sajjad. the book value is zero how govt can take tax in this case???? no channel has talked about this
Mirza Sajjad and Zeeshan have correctly identified the issue. I have been charged Rs 3600 on a car of model 1999. Earlier, I paid Rs 384 last year and this year, they have looted us to compensate for the failure in getting the extorted money from those who plundered the country for years. Why us? Why not those who are actually responsible?