ISLAMABAD: Depreciation limit boosted to 60% for import of used trucks and buses
Federal Board of Revenue (FBR) has enhanced the maximum limit of the depreciation from 50% to 60% on the import of old and used trucks, agricultural tractors, buses and vans.
The decision has been taken in line with a similar decision taken by the Economic Coordination Committee (ECC) of the Cabinet in its meeting held on April 26, 2011 when the apex body while considering the summary regarding “Rationalising the Prices of Locally Manufactured Cars” decided vehicle to enhance the maximum limit of the depreciation to 60 percent on the import of used/secondhand trucks, agricultural tractors, buses and vans. Read More »ISLAMABAD: Depreciation limit boosted to 60% for import of used trucks and buses