Pakistan's Trusted Automobile Blog
The local auto industry has lamented the imposition of new taxes on locally assembled cars and called it a deviation from the Automotive Industry Development and Export Plan (AIDEP) 2021-26 while also criticizing the import of used cars.
Auto industry Laments Imposition of New Taxes Read More
Sindh Excise and Taxation Department notified new rates of motor vehicle tax through Finance (Supplementary) Act, 2022 – According to a notification, the provincial govt has doubled the existing tax on vehicles.
Motor Vehicle Tax Increased in Sindh Read More
Indonesia will introduce new tax breaks on property and automotive sales this year in a bid to accelerate its economic recovery from the COVID-19 pandemic.
Indonesia to Cut Tax on Property and Car Sales Read More
The supplementary financial bill, aka mini-budget has been approved from the National Assembly. The amendments will likely result in increase in prices of locally assembled & imported vehicles due to revised duties & taxes imposed on the auto sector.
Mini Budget: Revised Taxes & Duties Imposed Read More
The Supplementary Finance Bill which proposes increased taxes and duties mainly on the auto sector will likely increase the prices of cars in Pakistan
Car Prices to Increase Again Amid Supplementary Finance Bill Read More
To boost its auto sector, Indonesian government is set to eliminate the tax altogether next year for vehicles that have more than 80% of local content
Indonesia: Luxury Sales Tax to be Fully Eliminated on Vehicles with at least 80% Local Content Read More
The government of Indonesia will revise its tax scheme for motor vehicles, namely the luxury good sales tax effective from October 16, 2021. The new tax structure will be based on a vehicle’s exhaust emissions, and will replace the existing tax structure which is based on the vehicle’s engine displacement.
Indonesia: Tax Structure to be Based on Vehicle Emissions Read More
Rising trade deficit has forced the government institutions to make more measures in order to curb the issue. After State Bank of Pakistan (SBP) that made changes in prudential regulations and reduced the financing limit and period, particularly for imported vehicles on the back of inflated trade and current account deficits, the Federal Board of Revenue (FBR) has come into action.
FBR Imposes More Duties to Discourage Import Read More
The finance ministry of Indonesia has reinstated a full exemption on the luxury goods sales tax for cars with engines …
Indonesia Reinstates Tax Exemption for Small Cars Read More
Car prices have come down but considering the amount of decrease, it might have become a little more attractive for those who could already afford, but the prices are still largely out of the reach of the majority.
New Cars Still Out of Reach of Masses Read More