Pakistan's Trusted Automobile Blog
The government finally announced the much-awaited Auto Policy 2021-26 which offer tax concessions on various segments resulting in a considerable decrease in prices of locally assembled vehicles. Prices have come down by s 85,000 to up to Rs 400,000 depending on the vehicle.
Car Prices Reduced Amid Tax Cuts Read More
The government is reportedly considering to introduce a new car financing scheme with a lower interest rate to facilitate customers who are unable to buy a car after major price hikes during the past few years.
Govt to Introduce New Car Financing Scheme for Small Car Buyers Read More
Federal Minister for Finance Shaukat Tarin in a National Assembly session held today has announced that up to 1,000cc vehicles will be exempted from taxes in the federal budget for FY2021-22.
Govt Announces Tax Exemptions for 1000cc Cars Read More
Government is reportedly considering to enhance tax relief for cars up to 1,000cc in the Finance Bill 2021, with the aim of promoting affordable cars and localization in the country.
Govt Considering Tax Relief to Make Up to 1000cc Cars Affordable Read More
Indonesia is set to extend the tax break for sedans and 2-wheel drive cars with engine capacities below 1,500 cc till August 2021 in order to continue supporting its pandemic-hit auto industry.
Indonesia Extends Tax Break to Support its Auto Industry Read More
The government is considering to reduce taxes on new imported and locally assembled cars of up to 800cc engine capacity …
Government Considering to Slash Taxes on Cars Read More
Local auto assemblers have asked the government to cut down taxes in order to reduce prices of cars in the country. Do you think taxes are the only reason behind constantly increasing car prices, despite Rupee regaining its strength against the US Dollar in recent months?
Will Tax Cuts Really Bring the Car Prices Down? Read More
The Federal Board of Revenue (FBR) has announced a decision to collect sales tax from sales & purchase of used-cars, unveiling valuation mechanism for the taxation.
FBR to Impose Sales Tax on Used Cars Read More
Malaysia has fully waived the sales tax for locally-assembled vehicles and 50% reduction for fully-imported cars to help the local automotive sector recover from the COVID-19 impact.
Sales Tax Holidays in Malaysia- Can Pakistan Follow Footsteps? Read More
Tax collection from new cars’ registration saw a sharp 40% decline in the first nine months of the current fiscal year 2019/20 as auto sector was badly hit by slowdown in economic activities.
Tax Collection from Car Registrations Declined by 40% Read More