The government has increased the tax rate for all vehicles in the Finance Bill 2023. According to the amended Finance Bill 2023, the tax would be Rs. 10,000 for up to 850cc vehicles.
Similarly, Rs. 20,000 tax would apply on 851cc to 1000cc vehicles, Rs. 25,000 on 1001cc to 1300cc vehicles, Rs. 50,000 on 1301cc to 1600cc vehicles, Rs. 150,000 on 1601cc to 1800cc vehicles, and Rs. 200,000 on 1801cc to 2000cc vehicles.
Furthermore, there will be a 6% tax on the value of vehicles from 2001cc to 2500cc, an 8% tax on the value of vehicles from 2501cc to 3000cc, and 10% on the value of vehicles with engines larger than 3000cc.
According to the amended Finance Bill 2023, Customs would assess the import value of cars with engine capacity above 2001cc and use that to levy Customs Duty, FED, and Sales tax.
Meanwhile, the invoice value inclusive of all duties and taxes would also be applicable on vehicles above 2001c for both Completely Built-up and locally assembled cars.
In cases where engine capacity is not applicable and the value of vehicles is over Rs. 5 million or more, the rate of tax collectible shall be 3% of the import value — including the revised Customs Duty, FED, and Sales tax in case of imported vehicles — or invoice value in case of locally assembled vehicles.
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Aye Allah hum per Apna Karam farmaa..Zalim hukamrano say humei nijaat bakhsh de..
Salaried person Kahan say dein itna tax.. agar majboori nah ho (agar patient parents ko hospital nah lay k Jana ho) Tau car bhi nah rakhen .. kuch Tau rehem kero hum logo per zalimo.. Maut say bhi dar nahi lagta hay Kia..? Upper wale ko Kia mooh dikhao ge..
Ya Allah Ishaq dar, shobaz, fazloo, rana sana,
khuwaja Sara Asif aur tamam noon leaguion ko tabah-o-Barbad, neest-o-nabood aur zaleel-o-khowar kar. Mere Malik in beghairat haramzadon ko nishan-e-Ibrat bana Aameen.
This is very much unjustified taxes on the cars local or imported of 600 cc to 1500 cc.Govt should reconsider on their decision. Tax on higher cc cars is justifiable because the owners can afford to pay.
Is this also applicable on car models more than 5 years old?
No on new registration
Will it be collected by customns or registeration excise office??
THIS CPUNTRY IS STUCK IN IMF V BADLY THANKS TO MINISTERS BUROCURCY AND THE ESTABLISHMENT WHO ARE ENJOYING AND GOVIT HAVE FINOSHED MIDDLE CLASS
IMF slavery , imran niazi has pushed us to the real slavery till the loan is not re paid we are slaves .
Then you are real slave of #NS & #PDM mix plate
Don’t go personal, just analyse with the mind of only Pakistani 4 year performance not a single project country wide done by their govt and agreement with IMF done by imran govt . I am not from any party only Pakistani.
We are meant to be slaves of ourselves. First get freedom from it.
You are born slave. Since last 75 years when you were a respectable citizen? Do you have any say in decision making, or your value is just a shit.
Rubbish
Present Government is Totally Failed , as No one including IMF Trust them . Their Policies against Local Industries which are closing down rapidly is lethal.
Government of Dugs proving that they should never give up till their mutual deaths.
It’s really hard to purchase the vehicle in comming years new generation will not able to purchase or buy the car due to fluctuate or increase of taxs’ of vehicle.
Where these taxes goes? For people no roads no water no gas no medical.
Loan payments
Don’t worry relax and enjoy
R these taxes on annually or on purchase time only?
What is custom taxe on bmw series 7 phev and Audi A8 l phev