Incentive Data

No Advance tax on import of Motor vehicles up to 1000 cc.

  1. 7. Amendments of Income Tax Ordinance, 2001 (XLIX of 2001). - In the Income Tax Ordinance, 2001 (XLIX of 2001), the following further amendments shall be made, namely:  

            (99) in the Second Schedule, -

                        (o) in clause (56),

                                    (ii) after sub-clause (xii), the following new sub-

                                                clauses shall be added, namely: -

                                                (xvi) motor vehicles upto 1000cc in CBU condition.

      Source:

Clause 7, part (99), (o), (ii), (xvi) of the Amendment of Income Tax Ordinance, 2001

https://download1.fbr.gov.pk/Docs/2021751375221891FinanceAct2021.pdf