Local auto manufacturers stop booking cars for non-filers

News Image

MG News | May 22, 2018 at 08:13 PM GMT+05:00

0:00

Local automobile manufacturers sent a strong warning to their respective buyers supporting the government’s move to widen tax net started refusing purchases or booking of new cars by non-filers.

The Government while announcing the Federal Budget for 2018-19 announced, preventing non-filers of income tax returns from buying new vehicles from new fiscal year or July 1, 2018.

The said clause of the Finance Bill FY 2018-19 is being reproduced below:

“Any application for booking, registration of purchases of a new locally manufacture red motor vehicle or first registration of an imported vehicle shall not be accepted or processed by any vehicle registering authority of excise and taxation department or a manufacturer of a motor vehicle respectively, unless the person is a filer”.

Pak Suzuki Motor in letter written to all authorized dealers that following the decision, the company has been constrained to stop booking of all Suzuki vehicles for all non-filers customers including individual and all corporate customers with immediate effect i.e. May 22, 2018.

\"\"

Recently, Indus Motors maker of Toyota vehicles also posted information on their website saying “while announcing the budget for the fiscal year 2018-19, the Government has recently introduced a new policy order to restrict all non-fillers from purchasing locally manufactured and/or imported vehicles.

This includes all individuals whose names do not appear in the Active Taxpayer’s List as well as those customers who have already booked a vehicle and are expecting delivery after 30th June, 2018.

To avoid any possible delivery delays or cancellations of vehicle orders, the company would like to advice valued customers to ensure that they change their status as tax-filers.

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,620.00 119,440.00
118,145.00
325.00
0.27%
BRENT CRUDE 72.82 73.17
71.75
0.31
0.43%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.54 69.79
68.45
0.33
0.48%
SUGAR #11 WORLD 16.47 16.58
16.37
-0.12
-0.72%

Chart of the Day


Latest News
July 30, 2025 at 05:54 PM GMT+05:00

Pakistan BCI decreased by 1.2 points in July


July 30, 2025 at 05:17 PM GMT+05:00

Pakistan consumer confidence falls to 40.1 points in July


July 30, 2025 at 05:03 PM GMT+05:00

PKR rises by 10 paisa against USD


July 30, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: You Can’t Always Get What You Want



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg