- Sales tax collection on motor cars increased by 193 percent in the first half of fiscal year 2024-25.
- FBR collected Rs 12.85 billion in sales tax on motor cars during this period.
- Motor car sales grew by 54 percent in the first half of fiscal year 2024-25.
- Total motor car sales reached 60,676 units in the first half of fiscal year 2024-25.
- Sales tax collection on motor cars increased by 452 percent in December 2024.
- Factors contributing to the rise in motor car sales include improved consumer purchasing power, new vehicle models, and lower interest rates.
- FBR is committed to optimizing sales tax collection from the automobile sector.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
