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FBR hikes RD up to 90% on imported luxury vehicles

FBR hikes RD up to 90% on imported luxury vehicles

ISLAMABAD: The Federal Board of Revenue (FBR), through SRO 1265(I)/2018, has increased regulatory duty up to 90 per cent on import of luxury vehicles.

The FBR issued the above-said SRO to enforce regulatory duty on import of luxury and non-essential items in order to reduce trade deficit and save foreign exchange.

Followings are the new regulatory duty rates imposed on luxury vehicles:

vehicles_01_RD

vehicles_02_RD

vehicles_03_RD-1024x581