[-]
Premium Chatax
12-30-2024, 10:45 AM Muhammad Kashif If we give offer buy one get one free of third schedule items can we charge GST on free / gifted items? if yes plz share reference
12-06-2024, 04:12 AM Mah Noor Overseas are now exempt from 236
12-06-2024, 04:01 AM Babar Bacha What is the tax-rate of 236 for properties purchase in case of non-resident person?
12-05-2024, 06:08 PM TaxationPk To use Premium Chatax for quick support, you will need to login. Sign up if you don't have yet.
12-05-2024, 01:29 AM TaxationPk Taxpayers can ask their questions in the relevant forums to get responded.
12-04-2024, 10:37 PM TaxationPk Tax Talk members can now generate coins on their activity in the forums. Coins can be used to buy items from shop.
12-03-2024, 07:00 PM TaxationPk Welcome to Pakistan's No. 1 Premium Chatax, where you can discuss your tax-queries quickly. To make the Chatax less crowded 10 coins will be charged per message. Simply write your message in the box and click on the post.

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
SUVs/EVs: FBR chairman briefs Senate body on chargeability of FED
#1
SUVs/EVs: FBR chairman briefs Senate body on chargeability of FED

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial on Wednesday informed that Ministry of Law would clarify whether, imported SUVs, or Sports Utility Vehicles under the category of Electric vehicles (EVs) and hybrid electric vehicles (HEVs) are chargeable to 30 percent federal excise duty (FED).

The FBR chairman here on Wednesday briefed Senate Standing Committee on Finance & Revenue on the issue of chargeability of Federal Excise Duty on SUVs/EVs.

In terms of S No 55C of Table-1 of the First Schedule to the Federal Excise Act, 2005, imported double cabin (4x4) pick up vehicles are chargeable to FED @ 30% ad val. The description of goods as mentioned in the said provision of law includes all types of double cabin (4x4) pick up vehicles irrespective of their nature and capacity of engine, the FBR chairman said.

The Senate Standing Committee on Finance and Revenue pointed out during its meeting that the aforesaid S No 55C of Table-1 of First Schedule does not impose FED on import of EVs/HEVs as the said vehicles are not mentioned in the description of goods. Furthermore, PCT codes mentioned therein do not relate to double cabin EVs/HEVs.

In order to resolve the said difference of interpretation of law, the Senate Standing Committee directed the Board that the matter should be resolved through a legal interpretation sought from the Ministry of Law.

The FBR chairman informed that a total of 1642 posts for customs field formations meant for direct recruitment on the basis of provincial and regional domicile.

Source: Business Recorder, 2024



https://www.brecorder.com/news/40337140/...ity-of-fed
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)
>