Breaking News: FBR Denies Amnesty Scheme for Smuggled Vehicles
The Federal Board of Revenue (FBR) has quashed rumors circulating about an amnesty scheme for smuggled vehicles. In a recent statement, the FBR spokesperson clarified that there is no such scheme under consideration by the government at this time.
The FBR urged the public to disregard any misinformation spread through social media or other unverified sources. This denial comes amidst the introduction of new tax rates on vehicles in Pakistan, effective from July 1 under the budget 2024-25.
The shift from fixed tax rates to a value-based tax system has been established through the Finance Bill 2024-25. This means that the tax on vehicles now varies according to their value, marking a significant change in the taxation system.
Stay tuned for more updates on financial developments and government policies related to taxation and revenue.
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