Tag: Active Taxpayers List
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FBR hikes motor vehicle tax by 200% for non-filers
The Federal Board of Revenue (FBR) has implemented significant changes to the tax structure for motor vehicles in an effort to boost government revenue and encourage tax compliance. The new regulations apply to both Active Taxpayers List (ATL) filers and non-filers.
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Proposed increase in advance tax on vehicle registration to impact expensive car buyers
With the upcoming budget just days away, the Federal Board of Revenue (FBR) is deliberating on measures to increase the advance tax on motor vehicle registration, particularly targeting non-filers. The proposed plan suggests raising the tax rate by 10 to 35 per cent based on the value of vehicles.
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Rs1,000 surcharges for late tax filers
The spokesperson of the Federal Board of Revenue (FBR) has clarified that a fine of Rs 1,000 will be charged for late tax filers, not Rs 10,000. The clarification came due to the rumours about high fine charges imposed by FBR on filing late income tax returns. This mistake occurred because of an error in…