Suzuki Announces Advance Tax Increase for its Cars

Asadullah

05 Jul 2022

971

Suzuki Announces Advance Tax Increase for its Cars

The Government has already implemented the new tax rates on cars from 1st July 2022. The government has taken this step to minimize the imports of auto sector and to save the foreign exchange reserves.

According to a report, Pak Suzuki Motor Company PSMC has announced new advance tax rates on its cars. The tax rate changes are as under:

Cars	Advance Tax Before 2022-23 Fiscal Budget (Rs.)		Advance Tax After 2022-23 Fiscal Budget (Rs.)		Difference (Rs.)
Cars	Non-filer	Filer	Non-filer	Filer	Non-Filer	Filer
Alto	15,000	7,500	30,000	10,000	15,000	2,500
Wagon R	30,000	15,000	60,000	20,000	30,000	5,000
Cultus	30,000	15,000	60,000	20,000	30,000	5,000
Swift	50,000	25,000	75,000	25,000	25,000	5,000
Bolan	15,000	7,500	30,000	10,000	15,000	2,500
Ravi	15,000	7,500	30,000	10,000	15,000	2,500

As per a recent report, PSMC has sold than 16,000 cars in June 2022, breaking its previous record of over 15,500 in December 2021 and set a new record of Suzuki Car Sales. The complete statistics for each Suzuki car is yet not revealed but the Suzuki Swift made a major contribution in taking the sales of Suzuki to higher level.

However, it is expected that sales of all carmakers including PSMC will be reduced due to continues increase in the fuel prices, vehicle prices, and a massive increase in tax on car sales. The decrease is said to remain by late 2022 or early 2023.

Stay tuned with Gari.PK for more updates, news and articles from local and international auto sector. You can also check the motorbike prices in Pakistan and Car Prices Pakistan for all used cars and new cars in the market.

Suzuki Suzuki Cars in Pakistan Suzuki Car Tax Suzuki tax increased

« PREV POST
Proton Records Highest Exports Ever

NEXT POST »
Need to Know Benefits of Regular Car Maintenance

Related Auto News Updates