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Suzuki Announces Advance Tax Increase for its Cars

The new advanced tax rates on cars have finally taken effect across Pakistan as of July 1, 2022. The government included these taxes to save precious foreign exchange reserves by curbing auto-sector imports.

A recent report suggests that Pak Suzuki Motor Company (PSMC) has notified the application of new advance tax rates on its cars. According to details, the tax rate changes are as follows:

Cars Advance Tax Before 2022-23 Fiscal Budget (Rs.) Advance Tax After 2022-23 Fiscal Budget (Rs.) Difference (Rs.)
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 set yet another record by selling more than 16,000 cars in June 2022, breaking its previous record of over 15,500 in December 2021. Although the sales breakdown is unknown, reports suggest that the new Suzuki Swift has contributed significantly to the overall increase in sales.

Speculations suggest, however, that all carmakers including PSMC will experience a decline in sales due to rising fuel costs, vehicle prices, and a massive increase in tax on car sales. The decline will likely occur by late 2022 or early 2023.

For now, the sales will remain consistent with prior orders still in the pipeline.

Via: Pakwheels

  • look at Swift’s filer difference.

    you mentioned 5k increased for filer, but there’s no increase in filer tax for swift buyers.

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