On 12 October 2026, the Large Taxpayer Unit (LTU) of the VAT wing issued a re‑tender notice for the sale of seized/confiscated vehicles. The sale is conducted under the Value Added Tax and Supplementary Duty Act, 2012, and the proceeds will be credited to the government treasury. The notice invites registered VAT taxpayers and authorized dealers to participate in the electronic tender process via the NBR’s e‑procurement platform. Bidders must deposit an earnest money deposit (EMD) and comply with the terms and conditions specified in the tender document.
Key Takeaways
- E‑Tender Platform: All bids must be submitted electronically through the NBR’s designated portal; physical bids will not be accepted.
- VAT Compliance: Successful bidders must account for VAT on the purchase price at the applicable rate and obtain a VAT registration if not already registered.
- Timeline: The tender opens on 15 October 2026 and closes on 30 October 2026; vehicle inspection dates are published in the tender document.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement