FBR Allows Senior Army Officers Tax Free Import of Bullet-Proof Vehicles After Retirement
Senior army officials allowed to import duty and tax-free bulletproof vehicles, up to 6,000cc, after their retirement. The decision has been taken considering the prevailing security situation in the country and the security needs of the officers. FBR issued a notification in this regard on Friday.
The exemption of customs duty, sales tax, withholding tax, and Federal Excise Duty (FED) would be applicable on the import of bulletproof vehicles up to 6,000cc by the Lieutenant Generals, services chiefs, Chief of Army Staff, and Chairman Joint Chiefs of Staff Committee.
The owners of imported vehicles would require prior permission from the FBR for the sale of such vehicles after their import. If the vehicle is disposed-off before five years period, the government will recover all applicable duties and taxes applicable at the time of import, sources added.