FBR Seizes Al-Haj FAW’s Bank Accounts Over Tax Default

The Federal Board of Revenue (FBR) has frozen the bank accounts of Al-Haj FAW Motors after the company defaulted on its sales tax payment.

FBR’s Large Taxpayers Unit (LTU) in Karachi, on Friday, froze the bank accounts of the company stating that they have not received the sales tax for the last two months.

As per sales tax laws, every registered entity is required to make sales tax payment and file returns on a monthly basis.

Sources privy to the matter suggest that the automaker has neither paid sales tax amounting Rs. 239 million nor has the company submitted its returns for the last two months.


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Al-Haj FAW Increases Car Prices by Rs. 85,000


The non-payment for Al-Haj Faw Motors deems strange because the company rose prices of the vehicles just last month.

Here is the list of products from Al-Haj FAW which have been subjected to the price hike:

Vehicle Old Prices New Prices Difference
FAW Carrier Deck-less PKR 849,000 PKR 919,000 PKR 70,000
FAW Carrier Flatbed PKR 859,000 PKR 929,000 PKR 70,000
FAW Carrier Standard PKR 869,000 PKR 939,000 PKR 70,000
FAW X-PV Standard PKR 974,000 PKR 1,034,000 PKR 60,000
FAW X-PV Dual A/C PKR 1,024,000 PKR 1,094,000 PKR 70,000
FAW X-PV PE (Power Edition) N/A PKR 1,119,000 N/A
FAW V2 PKR 1,204,000 PKR 1,289,000 PKR 85,000

 

The company says that the revised prices were effective from 1st November 2018.