The federal government plans to levy a 2% to 10% Automotive Development Levy on traditional vehicles while maintaining preferential sales tax rates for new energy vehicles.
The federal cabinet’s legislative review committee has approved amendments to Pakistan’s foreign exchange laws, changes to Armed Forces retirement leave arrangements, and a legal package transferring plant protection functions to a new regulatory authority.
The Federal Board of Revenue (FBR) has separated the administration of sales tax and Federal Excise Duty (FED) from income tax, posting 54 Inland Revenue officers to a newly created wing as part of its proposed restructuring.
The Federal Board of Revenue’s (FBR) surprise competency tests for officers have sparked serious questions over their legality, transparency and credibility.
