FBR exempts senior army officers from taxes.
After the approval of the Federal Cabinet, the Federal Finance Authority (FBR) exempted senior army officers from all duties and taxes on the import of bulletproof vehicles up to 6000 cc after retirement.
The Member Customs Policy of the FBR signed a corresponding official notification here on Friday, which has not yet been posted on the FBR website.
However, senior official sources confirmed to The News Friday night that exemptions from customs duties, sales taxes, withholding taxes and Federal Excise Duty (FED) would apply to imports of bulletproof vehicles up to 6,000cc by top military officers, including Lieutenant Generals, Service Chiefs, Chiefs of the Army Staff and Chairman of the Joint Chiefs of Staff Committee (CJCSC).
The sources said the FBR may soon publish the notice in question on its website, but all formal requirements have been met after it obtained federal cabinet approval for approving this type of tax exemption.
As FBR exempts senior army officers from taxes, certain conditions are attached to this approval.
In the recommendations of the Ministry of Defense, the FBR will allow the release of rights and taxes for the importation of these vehicles by the officials mentioned for their retirement.
Four-star generations can import 2 vehicles after retirement.
Vehicle owners are expected to obtain prior FBR approval for the sale of these vehicles after importing.
If the vehicle is sold five years ago, the FBR will receive all the obligations and taxes applicable at the time of importing these vehicles.
