Suzuki cultus Price in Pakistan after Budget 2024-25: The federal government came up with new car taxation policy in this Budget, in order to boost tax revenue.
The new tax rates range from 0.5percent to 12 percent of the vehicle value, depending on engine size. Suzuki cultus, the famous hatchback of the country’s oldest automaker, falls into segment of 850-1000cc car segment.
The new tax rates will result in a higher tax for consumers, reflecting true market value of their vehicles. However, tax filers can adjust the tax as an advance, which may mitigate the impact on them.
| Car Engine | 1000cc |
| Old Tax | Rs20,000 |
| New Tax | Rs38,580 |
| New Proposed Rate | 1percent |
| Tax Diff | Rs18,580 |
| New Car Price | Rs3,876,580 |
Taxes on Cars in Pakistan after Budget 2024-25
| Engine Size (cc) | Tax Rate (%) |
| Up to 850 | 0.5 |
| 851 to 1000 | 1 |
| 1001 to 1300 | 1.5 |
| 1301 to 1600 | 2 |
| 1601 to 1800 | 3 |
| 1801 to 2000 | 5 |
| 2001 to 2500 | 7 |
| 2501 to 3000 | 9 |
| Above 3000 | 12 |
With above mentioned taxes, the government will get higher taxes reflecting the true market value of their vehicles. The impact on consumers is expected to be mitigated for tax filers who can adjust the tax as an advance.
