Low Income Tax on Vehicles
Activities related to car sale, purchase, registration or transfer all includes tax avoidance depending on the status of person if he is filer or non-filer.
Activities related to car sale, purchase, registration or transfer all includes tax avoidance depending on the status of person if he is filer or non-filer.
Government by the Revenue Bill, 2020 proposed stronger mechanisms for non-filers to expand the tax
There are major advantages of being a tax file and the disadvantages of non-filers, after completing income tax returns, the file name will be registered on the applicable taxpayers list (ATL).
Although general duties unrelated to any company or organization are currently tax exempt and filers are not required to pay tax even if there is no matching tax for users.
On property transfer active tax payer pay only 1% tax against double tax paid by non-filers 2%, and tax filer pay 2% on total amount of purchased property while non-filer again pay double amount 4% on the same property.
You will save much on registration of vehicles and transfer of vehicles.
We’re the first Pakistani site that allows tax filing by people in an easy way. To spread awareness, the concept of tax system also covers a number of issues.
The Business Consultants Suite No. 2, 3rd floor, Haq Center, 5th Road
Commercial Market D-Block, Satellite Town, Rawalpindi
adnan@thebusinessconsultants.pk
adnan.tbc@gmail.com
+92 514 426 579
+92 333 512 8026
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