Prime Minister Nawaz Sharif has recently acquired two bullet-proof vehicles for his security, cars that have cost the national exchequer over Rs224 million.
The BMW 760Li High Security sedans cost Rs119.742 million and Rs124.995 million, including heads such as custom duty, sales tax, shipping and miscellaneous charges. However, on the orders of Finance Minister Ishaq Dar, the Federal Board of Revenue (FBR) is considering the purchase ‘a special case’ and is readily offering tax exemptions.
“In exercise of the powers conferred by clause (b) sub-section (2) section 13 of the Sales Tax Act, 1990, the Federal Board of Revenue is pleased to exempt sales taxes on the two vehicles as a special case,” says an FBR notification issued in response to Dar’s directions.
