ISLAMABAD – The federal government has decided to make it mandatory to obtain an eligibility certificate from the Federal Board of Revenue (FBR) for the purchase of plots and vehicles starting from July 1.
Amendments to this effect have been made in the Finance Bill, which has been passed by the Parliament.
After the President signs the Finance Bill 2025-26, it will come into effect as the Finance Act from July 1, and the amended clauses will be implemented immediately.
Through the Finance Bill 2025-26 passed by Parliament, the federal government has amended Section 114C of the Income Tax Ordinance 2001.
Under the amendments made by the government, individuals will be required to obtain an eligibility certificate from the FBR for purchasing vehicles, properties, and assets valued above a certain limit.
However, after the amendment, it will not be necessary to obtain an FBR certificate for purchasing a vehicle worth up to Rs7 million, a property worth Rs50 million, and a **commercial plot worth up to Rs100 million.
Following the amendment, the sales tax on imported solar equipment will be reduced from 18% to 10%, while a federal excise duty of Rs. 10 per chick will be imposed on the poultry industry.
Earlier this week, the National Assembly has approved the federal budget for the fiscal year 2025–26, totaling Rs 17.573 trillion. Presented by Finance Minister Muhammad Aurangzeb, the budget introduces several significant fiscal reforms, new taxation measures, and adjustments in key sectors.
