Small Cars, Motorcycles May Become Cheaper in Budget

A proposal to reduce sales tax, excise duty and additional customs duty on small vehicles is also under consideration

ISLAMABAD: Small cars and motorcycles may become cheaper in the federal budget 2021-22 being presented today (Friday) in the National Assembly.

According to sources, the budget will propose to reduce taxes on vehicles smaller than 850 cc.  A proposal to reduce sales tax, excise duty and additional customs duty on small vehicles is also under consideration, sources said.

Also Read: Federal Budget for Fiscal Year 2021-22 Will Be Presented Today

In addition, a proposal may be given to reduce the tax on various brands of new motorcycles and on new models of tractors.

Automobile manufacturing companies in Pakistan have failed to decrease the prices of cars despite a visible decrease in the dollar rate in the last few months.

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