ISLAMABAD – The Federal Board of Revenue (FBR) allows Pakistani nationals residing abroad including dual nationals to import old and used vehicles into Pakistan under three different schemes.
The schemes include Personal Baggage, Gift Scheme and Transfer of Residence for import of vehicles. FBR said cars not older than three years can be imported under these schemes.
Students receiving remittance from Pakistan, non-earning members of the Pakistani nationals living abroad and those who have imported, gifted or received a vehicle in past two years are not eligible, it added
It further said old and used vehicles of Asian Makes under these three schemes can be imported against the payment of duty taxes.
Tax on Import of 1000cc Car under Transfer of Residence
An overseas Pakistan, who lived 700 days during the past three years in abroad country, can bring a vehicle of their choice to Pakistan under transfer of residence scheme.
For this scheme, the applicant files Goods Declaration under section 79 of the Customs Act, 1969 along with other documents such as purchase receipt, attested copy of passport and Bill of Lading.
FBR charges $6,000 in wake of duty and taxes on a vehicle with engine capacity of 1000cc.
Depreciation in duties and taxes at the rate of 1% per month is admissible according to the age of the vehicle, it said.
