KARACHI – Buying cars in Pakistan has become more expensive than ever, especially for those who are not tax-payers as authorities are tightening noose to boost revenue.
The cost of buying a new vehicle has increased due to tax policy that calculates Withholding Tax (WHT) based on engine capacity. Under the updated system, non-filers will pay more than filers as officials replaced previous engine-size-based system.
Toyota Yaris GLI priced at Rs4,479,000, falls under the 1301-1600cc category. The tax for filers is Rs89,580 (2% of the value), while for non-filers, it is PKR 268,740 (6% of the value).
Withholding Tax on Toyota Cars in Pakistan 2024
| Models | Engine | Tax for Filer | Tax for Non-Filer |
| Toyota Yaris GLI | 1329 | Rs89,580 | Rs268,740 |
| Toyota Yaris ATIV X CVT 1.5 Beige Interior | 1496 | Rs125,100 | Rs375,300 |
| Toyota Corolla Altis X Manual 1.6 | 1600 | Rs119,380 | Rs358,140 |
| Toyota Corolla Altis X CVT-i 1.8 | 1800 | Rs206,670 | Rs620,010 |
| Toyota Hilux E | 2750 | Rs883,120 | Rs2,649,360 |
| Toyota Fortuner 2.7 G | 2695 | Rs1,159,920 | Rs3,479,760 |
Toyota Yaris CVT 1.5 (1496 cc) comes with price of Rs6,255,000, also falls in same category, and its tax for filers is Rs125,100 and for non-filers, it is Rs375,300. Corolla Altis X Manual (1600 cc), priced at Rs5,969,000, falls in the same engine category, with the tax for filers being Rs119,380 (2% of the value), and for non-filers, it is Rs358,140 which is 6pc of the total value.
For Toyota Hilux E (2750 cc), the car priced at Rs11,039,000, and Toyota Fortuner 2.7 G with a price of Rs14,499,000. Its tax for filers is a staggering Rs1.1 million (8% of the value), and for non-filers, it is Rs3.47 million.
Withholding Tax on Suzuki Alto, WagonR, Cultus and Swift Dec 2024
