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Ministry of Finance

Flat Duty of $5,000 confirmed on Vintage cars

ISLAMABAD: The Ministry of Finance, Economic Affairs, Statistics and Revenue has taken a decision on Tuesday for waiving off duty on trading of classic and vintage cars. It is announced that a flat rate of $5,000 will be imposed on the imports of these classics, without considering the engine capacity. The Federal Government has excluded vintage cars & jeeps from the umbrella of taxes including customs duty, regulatory duty, additional customs duty, federal excise duty, sales tax and withholding tax, instead there…