The government is now assessing withholding tax for vehicles like the Honda City based on their invoice prices.
AED TO PKR and other currency rates in Pakistan – 11 August 2024The government is now assessing withholding tax for vehicles like the Honda City based on their invoice prices rather than applying a fixed amount based on engine capacity.
The government introduced the policy change in the fiscal year 2024-25 budget, resulting in increased prices for vehicles like theThe Honda City, a locally manufactured hatchback, is renowned for its reliability, comfort, and performance, making it a preferred choice among car buyers. The Honda City, a locally manufactured hatchback, is renowned for its reliability, comfort, and performance, making it a preferred choice among car buyers.It also comes with automated temperature control, a feature-packed steering wheel, modern LED headlights, LED taillights, and the latest multimedia system.It includes airbags, an anti-lock braking system , and vehicle stability assist , ensuring a safe driving experience on the road.
Under the revised policy, the government now applies withholding tax based on the invoice price. For vehicles with engine capacities ranging from 1001 to 1300cc, it imposes a 1.5% withholding tax on filers and 4.5% on non-filers. Vehicles with engine capacities between 1301 and 1600 cc face a 2% withholding tax for filers and 6% for non-filers.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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