Pakistan’s Automobile Sector Entails Tax Reduction, Says Director Export Mehran Commercial Enterprises

The automobile sector, which is struggling to restore its activities amid the spread of Covid-19, has requested the government to slash taxes in the Finance Bill 2020.

Talking to THE EXPRESS TRIBUNE, Mr. Mashood Ali Khan Director Export Mehran Commercial Enterprises (Member Pakistan Aerospace Council) said, “The decline in the country’s automobile sector began in July last year when the government announced that non-filers of tax return can register only one vehicle against their CNIC.  After that, we were burdened with additional customs duty of 7-11% and federal excise duty of up to 7.5%.”  “At present, 18% sales tax is levied on cars. If the government cuts it down to single digit, it will give a boost to the entire automobile sector and enhance government earnings as well,” he emphasised catalunyafarm.com.

To read the complete story, please visit

https://tribune.com.pk/story/2244154/2-pakistans-automobile-sector-demands-tax-reduction/?amp=1

https://www.pakwheels.com/blog/automobile-sector-tables-this-new-demand-from-govt/

Source