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Suzuki Alto Expected Price in Pakistan After Withholding Tax Increase in Budget 2024-25

Suzuki Alto Expected Price in Pakistan After Withholding Tax Increase in Budget 2024-25

Suzuki Alto Expected Price in Pakistan After Withholding Tax Increase in Budget 2024-25

Suzuki Alto Lifetime Token Tax Increased: Details Here

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Suzuki Alto Price in Pakistan after Budget: The federal government has implemented a new car taxation policy in the 2024–25 budget, taxing cars based on engine size to simplify the tax system and boost revenue.

The new taxes range from 0.5% to 12% of the vehicle’s value, depending on engine size. The Suzuki Alto, the company’s entry-level car, falls into the first segment introduced by the PML-N government.

Suzuki Alto Price in Pakistan

Car EngineLess than 850 cc
Old PriceRs2,331,000
Old TaxRs10,000
New Proposed Rate0.50percent
New Tax RateRs12,500
New Car PriceRs2,342,655

Taxes on cars in Pakistan after Budget 2024–25

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Engine Size (cc)Tax Rate (%)
Up to 8500.5
851 to 10001
1001 to 13001.5
1301 to 16002
1601 to 18003
1801 to 20005
2001 to 25007
2501 to 30009
Above 300012
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Car Prices to Increase in Pakistan in Budget 2024-25
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With the new taxes, the government will receive higher revenues, reflecting the true market value of vehicles. The impact on consumers is expected to be lessened for tax filers, who can adjust the tax as an advance.

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