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Suzuki Cultus new price in Pakistan after Budget 2024-25; Details inside

Suzuki Cultus new price in Pakistan after Budget 2024-25; Details inside

by Arshad Khan
June 19, 2024
in Business
2
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The new tax rates will result in higher taxes for consumers, reflecting the true market value of their vehicles.

Islamabad: The federal government in Budget 2024-25 has proposed a substantial rise in withholding tax on new car purchases, with proposed changes not limited to a flat increase but a percentage-based hike affecting cars with engine capacities ranging from under 850 cc to 3000 cc and above.

The new tax rates range from 0.5 percent to 12 percent of the vehicle’s value, depending on the engine size. Suzuki Cults, the iconic hatchback from the country’s oldest car manufacturer, falls in the 850-1000cc car segment.

The new tax rates will result in higher taxes for consumers, reflecting the true market value of their vehicles. However, tax filers can adjust the tax as an advance, reducing the impact on them.

Suzuki Cultus Price in Pakistan 2024

Car Engine1000cc
Old TaxRs20,000
New TaxRs38,580
New Proposed Rate1percent
Tax DiffRs18,580
New Car PriceRs3,876,580

Revised Withholding Taxes on Suzuki Cultus 2024

 Up To 850ccCurrent ValueCurrent TaxProposed Tax (%)Proposed Tax (pkr)Difference (pkr)
Suzuki Cultus Suzuki Cultus VXR3,858,00020,0001.00%3858018,580
Suzuki Cultus Suzuki Cultus VXL4,244,00020,0001.00%4244022,440
Suzuki Cultus Suzuki Cultus Auto Gear Shift4,546,00020,0001.00%4546025,460

Taxes on Cars in Pakistan after Budget 2024-25

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

More From FactFile: Budget 2024-25: Suzuki Alto revised price after new withholding taxes

Tags: Budget 2024-25Suzuki Cultus
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