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ISLAMABAD: The Federal Board of Revenue (FBR) has decided to allow the exemption of duties and taxes on the import of bulletproof vehicles of up to 6,000cc for senior most officials of the armed forces after their retirement.

Sources told Business Recorder here on Friday that the FBR will issue a notification in this regard.

The notification has been vetted by the Law Division and subsequently signed by the competent authority.

FBR reduces CVT on vehicles under amended Finance Bill 2022

According to the sources, the exemption of customs duty, sales tax, withholding tax, and the Federal Excise Duty (FED) would be applicable on the import of bullet proof vehicles of up to 6,000cc by the lieutenant generals, services chiefs, chief of army staff, and chairman Joint Chiefs of Staff Committee (CJCSC), after their retirement.

On the recommendations of the Ministry of Defence, the FBR will allow the exemption of duties and taxes on the import of such vehicles by the said officials on their retirement.

The owners of the vehicles would be required prior permission of the FBR for the sale of such vehicles after their import. If the vehicle is disposed of before five years period, the FBR will recover all applicable duties and taxes applicable at the time of import of such vehicles, the sources added.

Copyright Business Recorder, 2022

Comments

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Syed Arif Hussain Zahidi Sep 24, 2022 01:20pm
NOT WITHOUT AN UNDERTAKING THAT THIS VEHICLE SHALL NEVER BE SOLD TO OR USED BY ANYONE ELSE, PENALTY BEING CONFISCATION OF VEHICLE PERMENANTLY. MAKING SURE THAT THE VEHICLE NEVER FALLS IN THE WRONG HANDS. COULD BE A DISASTER.
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SAAD AHMED SIDDIQUI Sep 24, 2022 02:29pm
@Syed Arif Hussain Zahidi, also, every year around 100,000 PKR as renewal fee for NOC if not renewed it can also be confiscated. 100,000 being on luxury cars such as land cruiser etc subject to change any time. It's more like dictated policy by interior ministry with no room for communicated between ministry and end user.
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Hussain Javed Sep 24, 2022 03:15pm
What are the basis of this relief? Can these generals afford purchase and then maintained 6000 CC vehicles? Is it kind of flattering of the establishment or move to defame Army? Whatever is it is fishy.
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Adnan Aziz Sep 24, 2022 03:41pm
Damn this government, damn Ministry of Defense, damn FBR and damn those who signed it into Law. This is called the Law of the Jungle. This is utter insanity. Do such most illogical things happen in the world? Not at all. As a citizen of Pakistan, I condemn this move in the strongest possible terms. The FBR should expect no more taxes from me.
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Syed Arif Hussain Zahidi Sep 24, 2022 06:04pm
NOT TRUE SAYS FBR
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Syed Arif Hussain Zahidi Sep 24, 2022 06:06pm
THIS NEWS IS NOT TRUE CONFIRMS FBR. POSTED BY PTI MOST PROBABLY
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Waseem Sep 24, 2022 08:53pm
Well, if someone can afford Millions worth of vehicle...Why should it be free of Tax ??? Or the Taxes are meant to be only for Poor and to be used by Rich ?¿?
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M.usman Sep 25, 2022 02:36am
Wow, another damage once again given by so called neutrals. On which face they are enquiring tosha khana when other institutions are misusing the same opportunity. What kind of threats they are receiving that required luxury cars for protection. Shameless people
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Ali Farhan Tasaddaq Sep 25, 2022 02:12pm
Tax relief for their luxuries and 200% tax on a mehran for citizens. Total crap
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