close
close

Suzuki Alto expected price in Pakistan after increase in withholding tax in budget 2024-2025

Suzuki Alto expected price in Pakistan after increase in withholding tax in budget 2024-2025

Suzuki Alto expected price in Pakistan after increase in withholding tax in budget 2024-2025

Suzuki Alto Price in Pakistan after Budget: The federal government has implemented a new car tax policy in the 2024-2025 budget, taxing cars based on engine size to simplify the tax system and increase revenue.

The new taxes range from 0.5% to 12% of the vehicle’s value, depending on engine size. The Suzuki Alto, the company’s entry-level car, falls in the first segment introduced by the PML-N government.

Suzuki Alto Price in Pakistan

Car engine Less than 850 cc
Old price Rs 2,331,000
Old tax Rs 10,000
New proposed rate 0.50 percent
New tax rate Rs 12,500
New car price Rs 2,342,655

Taxes on cars in Pakistan after the budget 2024-2025

Engine capacity (cc) Tax rate (%)
Up to 850 0.5
851 to 1000 1
1001 to 1300 1.5
1301 to 1600 2
1601 to 1800 3
1801 to 2000 5
2001 to 2500 7
2501 to 3000 9
Above 3000 12

Also read

Car prices to increase in Pakistan in 2024-2025 budget
Car prices to increase in Pakistan in 2024-2025 budget

The government is considering increasing the withholding tax on the purchase of new cars. A…

With the new taxes, the government will receive higher revenues that reflect the true market value of vehicles. The impact on consumers is expected to be smaller for tax returns, which can adjust the tax as an advance.