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Budget 2024-25: In a new proposal, the government has suggested withdrawing tax exemptions enjoyed by electric cars valued above $50,000, high-level sources told ProPakistani.
Initially, imported electric cars received tax incentives to promote their import and adoption in Pakistan. However, these benefits are about to end, as electric vehicles priced above $50,000 will soon be taxed at the same rate as conventional cars. This change will impact high-end electric cars like the Audi e-Tron/e-Tron GT and BMW i8.
The government has also suggested raising the withholding tax on non-electric vehicles. This change will generally increase car prices for the public, who are already dealing with unprecedented inflation levels.Remember, these are just proposals and haven’t been approved yet. They are subject to change or cancellation, so take them with a grain of salt.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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Budget 2024-25: Govt Employees Salary Expected to Increase in July 2024Budget 2024-25: Government Employees Anticipate Salary Hike Starting July.
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Budget 2024-25: Expected mobile tax increase and enhanced education fundingLatest News, Breaking News, Pakistan News, News Headlines, Election Pakiatan
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Govt likely to impose Rs2,000bn of taxes in budget 2024-25Measures will push up staggering inflation to the next level
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Budget 2024-25: KP proposes 10pc increase in salaries, pensions of govt employeesMinister for Finance Aftab Alam on Friday presented Rs1754 billion annual budget in KP Assembly
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