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The Excise, Taxation & Narcotics Control Department is a department of Government of Punjab, Pakistan. The Excise, Taxation & Narcotics Control Department collects various taxes and duties and suggests ways and means for additional resource mobilization in the Province. [1] Various type of taxes department collects include: [2] Motor Vehicle Tax
Sindh Sales tax on services: 15%; Punjab Sales tax on services: 16% [8] Balochistan Sales tax on services: 15%; Khyber Pakhtunkhwa (KPK) Sales tax on services: 15%; Islamabad Capital Territory (Tax on Services): 15% [9] Customs Duty: Imposed on the import and export of goods. This tax is intended to regulate trade and generate revenue from ...
The Federal Board of Revenue (FBR) (Urdu: وفاقی بورڈ محصولات), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax ...
Punjab vehicle registration plates [6] Vehicle Type Image Example Description Cars Plates are all white with black letters and numbers. "PUNJAB" is written on the top with a logo of Government of Punjab on the left side and ET&NC is written on the right side as well. New Punjab Plates have three digit registration numbers for cars.
The FTO's legal framework consists of the following acts and reforms: the Establishment of the Office of Federal Tax Ombudsman Ordinance of 2000, the Federal Ombudsmen Institutional Reforms Act of 2013, and the Federal Tax Ombudsman Investigation and Disposal of Complaints Regulations of 2001. [7]
The key points of the Electric Vehicles Policy 2020–2025 are the following: [31] Exemption of customs duty and additional sales tax on the import of four-wheel electric vehicles. Only 1% sales tax on locally manufactured electric vehicles (power up to 50 kwh). Also 1% sales tax on light vehicles (power up to 150 kwh).
The 1970s saw the nationalization of many companies. In 1972, the Pakistan Automobile Corporation (PACO) was formed. Many companies were bought out or merged into others. Wazir Ali Engineering was renamed Sindh Engineering, [3] Ali Autos became Awami Autos, Haroon Industries to Republic Motors, Ghandara Motors to National Motors, Hye Sons to Mack Trucks, Kandawala Industries to Naya Daur ...
Punjab has the largest economy in Pakistan, contributing most to the national GDP. The province's share was 60.58% in 2020 to national economy. [2] Sindh which is the second largest province in terms of population and GDP which has steadily continued to grow, contributes 23.7% to the national economy. [2]