The Federal Board of Revenue (FBR) is bearing in mind a hike in the vehicle transfer fee of for folks who haven’t filed tax returns up till now, in a bid to constrict their grasp on tax evaders. According to the FBR, the transfer fee will be given up off for persons who have filed tax returns for the financial year 2017-18 on 850cc vehicles. Conversely, non-filers will pay Rs5000 as a transfer fee. Similarly, tax-filers are to pay Rs5000 as transfer fee on the buy of the 1000cc vehicle, non-filers will pay Rs 15000.Correspondingly, on 1300cc vehicles, tax-filer would disburse Rs7500 as transfer fee and non-filers will pay Rs25000.The Vehicle Transfer fee details are as follows:
Vehicle Transfer Fees
The transfer fee differs for different cars and for the tax payers and non-payers.
- Cars with engines up to 850CC – Free (filer), Rs 5,000 (non-filer)
- Cars with engines between 851CC to 1,000CC – Rs 5,000 (filer), Rs 15,000 (non-filer)
- Cars with engines between 1,001CC to 1,300CC – Rs 7,500 (filer), Rs 25,000 (non-filer)
- Cars with engines between 1,301CC to 1,600CC – Rs 12,500 (filer), Rs 65,000 (non-filer)
- Cars with engines between 1,601CC to 1,800CC – Rs 18,750 (filer), Rs 100,000 (non-filer)
- Cars with engines between 1,801CC to 2,000CC – Rs 25,000 (filer), Rs 135,000 (non-filer)
- Cars with engines between 2,001CC to 2,500CC – Rs 37,500 (filer), Rs 200,000 (non-filer)
- Cars with engines between 2,501CC to 3,000CC – Rs 50,000 (filer), Rs 270,000 (non-filer)
- Cars with engines above 3,000CC – Rs 62,500 (filer), Rs 300,000 (non-filer)
Engine Capacities and Transfer Fees
The transfer fee enlarges with rising engine capacity, meaning that on a 1300 cc vehicle, the fee would be Rs. 25000 and Rs. 7500 for non-filers and tax-filers, correspondingly.
On the other hand, cars with lower engine capacities like 800cc can be transferred free if the buyer is a filer. The decision to waive off the transfer fee is good for those who have paid their dues as per the law, and troublesome for those who have so far to file them.The progress is predicted to increase revenues for FBR as the election year draws near.
