GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE & REVENUE
Islamabad, the 8th March, 2013.
S.R.O. 185 (I)/2013.- In exercise of powers conferred by sections 19 and 181 of the Customs Act, 1969 (IV of 1969), clause (a) of sub-section (2) of section 13 of the Sales Tax Act, 1990 and sub-section (1) of section 53 and section 148 read with the Second Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), and in exception to clause (a) of Notification No.S.R.O.499(I)/2009, dated the 13th June, 2009, the Federal Government is pleased to direct that following amendment shall be made in its Notification No. SRO 172(I)/2013 dated 5th March, 2013, namely:-
In the aforesaid notification, for sub-paragraphs (iii) and (iv), the following shall be substituted, namely,-
“(iii) for the vehicles covered under Notification No. S.R.O. 577(I)/2005 dated the 6th June, 2005 above five years of age, further reduction in the duty and taxes assessed at the end of five years shall be allowed at the rate of five per cent per year for subsequent years, subject to the minimum total amount of duty and taxes equal to five hundred US dollars (or equivalent amount in Pak rupees); and
(iv) for all other vehicles above six years of age, further reduction in the duty and taxes assessed at the end of six years shall be allowed at the rate of five per cent per year for subsequent years subject to the minimum total amount of duty and taxes equal to rupees one hundred thousand”.