Business

Withholding tax news on Motor Bikes and Auto Rickshaw fake

By WebDesk, BOL News

25th July, 2019

Withholding tax news on Motor Bikes and Auto Rickshaw fake

Thursday 25th July, 2019

Federal Board of Revenue (FBR) has said that news of withholding tax on motorbikes and auto rickshaw has no basis and is fake.

According to the details, spokesperson FBR said that no changes has been made in the tax rates of motor vehicles.

Spokesperson FBR further said that according to income tax section 231B and 234 tax is only applicable on vehicles not motorbikes or auto rickshaw.

Spokesperson FBR also added that government will not impose any taxes on motorbikes or auto rickshaw as they are mode of transport for lower income people.


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