The federal government has imposed a 200 percent advance tax on the purchase of cars with engine displacement over 1600cc for non-filers.
This decision is likely to impact the demand for several cars in Pakistan. Here’s how much advance tax the customers will have to pay for locally assembled ‘luxury cars’:
| Models | Engine Displacement (Cubic Capacity) | Price (Rs.) | Previous Advance Tax for Non-Filers (Rs.) | New Advance Tax for Non-Filers (Rs.) |
| Toyota Corolla Altis Grande | <1800cc | 4,499,000-4,859,000 | 150,000 | 300,000 |
| Hyundai Elantra GLS | <2000c | 4,949,000 | 200,000 | 400,000 |
| Hyundai Tucson | <2000cc | 5,799,000-6,299,000 | 200,000 | 400,000 |
| Hyundai Sonata 2.0 | <2000cc | 6,999,000 | 200,000 | 400,000 |
| DFSK Glory 1.8 CVT | <1800cc | 5,159,000 | 150,000 | 300,000 |
| Kia Sportage | <2000cc | 5,300,000-6,300,000 | 200,000 | 400,000 |
| BAIC BJ40 | >2000cc | 8,199,000 | 200,000 | 400,000 |
| Hyundai Sonata 2.5 | <2500cc | 7,849,000 | 300,000 | 600,000 |
| Kia Sorento | <2400cc | 6,836,000-7,499,000 | 300,000 | 600,000 |
| Toyota Fortuner | 2700-2800cc | 9,959,000-12,679,000 | 400,000 | 800,000 |
| Toyota Hilux | <2800cc | 7,359,000-9,729,000 | 400,000 | 800,000 |
| Isuzu D-Max V-Cross | 3000cc | 6,600,000-6,960,000 | 400,000 | 800,000 |
| Kia Sorento V6 | <3500cc | 7,499,000 | 450,000 | 900,000 |
Although this tax will have no impact on the price tags directly, it will increase the overall purchasing cost of these cars. It will also aid the government in collecting more taxes from people with high purchasing power and bring them into the tax net.
The government seeks to continue with the auto sector’s current progress, along with encouraging the industry to completely indigenize the production of vehicles and their parts.
Good step, those who can afford such highly priced cars, should also pay hefty tax or become filer….Simple maths 2+2 = 4
You only calculated the 200% of the existing value but forgot to add it back to existing value. Increase by 200% means you need to add the resultant back to original value. 150k will be 450k
Non-filer should also pay 300 per liter for fuel.
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