LAHORE – Cars in Pakistan are literally in no man’s land, and people brace for another hike of 25pc sales tax.
The new price hike stemmed from the Economic Coordination Committee (ECC) proposal, increasing the sales tax rate on locally manufactured and assembled vehicles. After the imposition of 25pc sales tax, vehicles priced at Rs4 million or more or those with engines over 1400cc will become more expensive.
Following are cars which will become more expensive.
Suzuki Cultus VXL, currently priced at Rs4.084 million, and Suzuki AGS, currently priced Rs4.36 million, will come under the new sales tax.
All variants of Suzuki Swift including Suzuki Swift GL CVT, and Suzuki Swift GLX CVT will be more expensive.
Toyota Yaris models including Toyota Yaris GLI MT 1.3, Yaris GLI MT 1.3, Toyota Yaris ATIV MT 1.3, Yaris ATIV MT 1.3, Toyota Yaris GLI CVT 1.3, Yaris GLI CVT 1.3, Toyota Yaris ATIV CVT 1.3, Yaris ATIV CVT 1.3, Toyota Yaris AERO CVT 1.3, Yaris AERO CVT 1.3, Toyota Yaris ATIV X MT 1.5, Yaris ATIV X MT 1.5, Toyota Yaris ATIV X CVT 1.5, Yaris ATIV X CVT 1.5, Toyota Yaris AERO CVT 1.5 will become more expensive.
All models of Honda City including Honda City 1.2L M/T, City 1.2L M/T, Honda City 1.2L CVT, City 1.2L CVT, Honda City 1.5L CVT, City 1.5L CVT, Honda City 1.5L ASPIRE M/T, City 1.5L ASPIRE M/T, Honda City 1.5L ASPIRE CVT will bear the brunt.
For the unversed, masses are already paying 25pc Sales Tax on cars with engines over 1400cc.
Prices of locally manufactured cars likely to go up as ECC okays 25pc sales tax
