Suzuki Alto Withholding Tax Changes: Details and Impact for 2024

Suzuki Alto Withholding Tax Changes: Details and Impact for 2024

Suzuki Alto Withholding Tax Changes: Details and Impact for 2024
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Suzuki Alto, a popular compact car in Pakistan, is well-regarded for its.. Sure! Over time, the vehicle has been updated and refreshed to remain competitive and meet changing consumer needs, focusing on being affordable, fuel-efficient, and spacious.

Features and Specifications

The new Alto has a sleek design with smooth curves, making it look lively. It’s a fuel-efficient car that comes with a roomy interior, an MP5 touchscreen, and lots of extra gear. This 660 cc vehicle includes safety features like seat belts, ABS brakes, and airbags, making it perfect for young drivers. The Suzuki Alto runs on a R-Series three-cylinder petrol engine.

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Suzuki Alto Prices in Pakistan

The ex-factory prices of Suzuki Alto are as follows:

  • Alto VX: Rs 2,331,000
  • Alto VXR: Rs 2,707,000
  • Alto VXR-AGS: Rs 2,894,000
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  • Alto VXL-AGS: Rs 3,045,000

New Withholding Tax on Suzuki Alto

Previously, Punjab Excise charged a fixed amount: Rs 10,000 for filers and Rs 30,000 for non-filers as withholding tax on vehicles with engines up to 850cc. Now, starting July 2024, they’ll assess tax based on the vehicle’s invoice price. Filers will pay 0.5% and non-filers 1.5% of the vehicle’s value.

Here are the new withholding tax amounts for Suzuki Alto:

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  • Alto VX:
  • Filers: Rs 11,655
  • Non-filers: Rs 34,965
  • Alto VXR:
  • Filers: Rs 13,535
  • Non-filers: Rs 40,605
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  • Alto VXR-AGS:
  • Filers: Rs 14,470
  • Non-filers: Rs 43,410
  • Alto VXL-AGS:
  • Filers: Rs 15,225
  • Non-filers: Rs 45,675
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This adjustment in withholding tax shows the government’s goal to simplify tax collection and make sure it matches the vehicle’s price. It’s important for Suzuki Alto owners and those looking to buy one to grasp these new tax rules before making a decision.

Stay updated with the latest automotive news and tax regulations to make the best financial choices when buying your next vehicle.

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