Suzuki Alto Price in Pakistan after Budget: Federal government has introduced a new car taxation policy in Budget 2024-25, imposing tax based solely on engine size. This change aims to simplify the tax system and increase tax revenue.
The new taxes range from 0.5pc to 12pc of the vehicle value, depending on the engine size. Suzuki Alto, being the company’s entry level car, lies in first segment introduced by PML-N government.
| Car Engine | Less than 850cc |
| Old Price | Rs2,331,000 |
| Old Tax | Rs10,000 |
| New Proposed Rate | 0.50percent |
| New Tax Rate | Rs12,500 |
| New Car Price | Rs2,342,655 |
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.
Budget 2024-25: ‘Car prices, Registration cost to go up in Pakistan’
