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In a latest move, the Federal Board of Revenue (FBR) has increased the vehicle transfer fees for both income tax filers and non-filers. Those who have filed their income tax returns for the fiscal year 2017-18, some part of the vehicle transfer fees will be waived off for them. However, non-filers will have to pay up to Rs300,000 as a transfer fee. The notion of augmenting the fees from FBR is to squeeze its control on those who evade tax.

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Vehicle transfer fees for filers and non-filers

The transfer fee varies from car to car. Moreover, it is also different for both filers and non-filers.

The vehicle transfer fees for tax payers are:

• Cars with engines up to 850CC – Free
• Cars with engines between 851CC to 1,000CC – Rs5,000
• Cars with engines between 1,001CC to 1,300CC – Rs7,500
• Cars with engines between 1,301CC to 1,600CC – Rs12,500
• Cars with engines between 1,601CC to 1,800CC – Rs18,750
• Cars with engines between 1,801CC to 2,000CC – Rs25,000
• Cars with engines between 2,001CC to 2,500CC – Rs37,500
• Cars with engines between 2,501CC to 3,000CC – Rs50,000
• Cars with engines over 3,001CC – Rs62,500

As far as the transfer fees for non-filers are concerned, it is as following:

• Cars with engines up to 850CC – Rs5,000
• Cars with engines between 851CC to 1,000CC – Rs15,000
• Cars with engines between 1,001CC to 1,300CC – Rs25,000
• Cars with engines between 1,301CC to 1,600CC – Rs65,000
• Cars with engines between 1,601CC to 1,800CC – Rs100,000
• Cars with engines between 1,801CC to 2,000CC – Rs135,000
• Cars with engines between 2,001CC to 2,500CC – Rs200,000
• Cars with engines between 2,501CC to 3,000CC – Rs270,000
• Cars with engines over 3,001CC – Rs300,000

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The aforementioned rates might not hurt tax-payers as much as it will upset non-filers. There is a striking different between the transfer fees of filers and non-filers.

This decision of FBR will surely upsurge their revenues.

Are you pleased with the new vehicle transfer rates?

Source: ProPakistani