The federal government has decided to make eligibility certificate from the Federal Board of Revenue (FBR) mandatory for purchase of plot and vehicle from July 1 and amendments have also been made in the Finance Bill approved by Parliament in this regard.
After the President signs the Finance Bill 26-2025, the form of the Finance Act will come into effect from July 1, and the amendment provisions will start to be implemented as soon as the Finance Act comes into force.
In this regard, the federal government has made amendments to Section 114C of the Income Tax Ordinance 2001 through the Finance Bill 26-2025 approved by Parliament.
Under the amendment made by the government in the Income Tax Ordinance, an eligibility certificate will have to be obtained from the FBR to purchase vehicles, properties and assets.
Read more: Sales tax rate on solar panels reduced
The Finance Bill stated that after the amendment, it will not be necessary to obtain an FBR certificate to buy a vehicle worth up to Rs 7 million, similarly, after the amendment, it will not be necessary to obtain an FBR certificate to buy a property worth up to Rs 50 million and a commercial plot worth up to Rs 100 million.
After the amendment, the sales tax on solar imports will be 10 percent instead of 18, while a federal excise duty of Rs 10 will be imposed on chicks in the poultry industry
