New Withholding Tax On Suzuki Alto: Suzuki Alto is a widely popular compact car in Pakistan, known for its affordability, fuel efficiency, and spacious interior. Since its introduction, the budget-friendly vehicle has received numerous updates and facelifts to remain competitive in the market and cater to the evolving needs of consumers.
The latest model of Suzuki Alto boasts an aerodynamic design with distinctive lines and curves, giving it a vibrant and modern appearance. It is a highly efficient performance car, offering a spacious cabin, MP5 touch screen, and various accessories.
The 660 cc vehicle is equipped with essential safety features such as seat belts, ABS brakes, and airbags, making it an ideal choice for the new generation. The Suzuki Alto comes with an R-Series three-cylinder petrol engine, ensuring a smooth and reliable driving experience.
Suzuki Alto Prices in Pakistan (2024)
The ex-factory prices for the Suzuki Alto variants in Pakistan are as follows:
| Variant | Price (PKR) |
|---|---|
| Alto VX | Rs 2,331,000 |
| Alto VXR | Rs 2,707,000 |
| Alto VXR-AGS | Rs 2,894,000 |
| Alto VXL-AGS | Rs 3,045,000 |
New Withholding Tax on Suzuki Alto
Previously, the Punjab Excise Department collected a fixed withholding tax amount of Rs 10,000 from filers and Rs 30,000 from non-filers on vehicles with an engine capacity of up to 850cc. However, in the budget for 2024-25, the government has revised the withholding tax assessment method.
Starting from July 2024, the withholding tax will be based on the invoice price of the vehicle. The government will collect 0.5% of the vehicle’s value from filers and 1.5% from non-filers.
Here is the new withholding tax structure for the Suzuki Alto variants:
| Variant | Filer Tax (PKR) | Non-Filer Tax (PKR) |
|---|---|---|
| Alto VX | Rs 11,655 | Rs 34,965 |
| Alto VXR | Rs 13,535 | Rs 40,605 |
| Alto VXR-AGS | Rs 14,470 | Rs 43,410 |
| Alto VXL-AGS | Rs 15,225 | Rs 45,675 |
The updated withholding tax amounts reflect the government’s move to link tax collection with the invoice price, ensuring a fair and transparent system. This change aims to streamline the tax collection process and ensure compliance among vehicle owners.
Suzuki Alto continues to be a popular choice for Pakistani consumers due to its affordability, reliability, and modern features. The new tax structure is expected to have a minimal impact on its demand, as the car’s overall value proposition remains strong. Whether you are a filer or a non-filer, the Suzuki Alto offers an excellent balance of price, performance, and safety, making it a smart investment for any car buyer in Pakistan.
For more updates on car prices and taxes, stay tuned to our blog.