1800cc Car Prices: The government today, in its another supplementary bill, has introduced 10 greater amendments to the Finance Act 2019. With most narrated to raise investment. Few of these amendments relate to the automobile sector.
Non-Filers Allowed to Buy Cars
In the previous amendment, the government restricted non-filers of tax returns to buy cars up to 1300cc engine capability. So, Now according to the latest revision, non-filers will permit to purchase locally manufactured vehicles instead of engine capacity.
However, Finance Minister Asad Umar said the resolution was taken to address the matter of local vehicle manufacturers.
10% Federal Excise Duty on 1700cc & Above Cars
A 10% federal excise tax charges (FED) intended 1800cc Car Prices for locally manufactured motor vehicles of the engine capacity of 1800cc.
However, in a direction to address the case of local auto manufacturers, the capacity has been now been revised to 1700cc.
1800cc Car Prices
However, With this correction, the cost of locally assembled 1.8-liter volume sellers. So, The Honda Civic and Toyota Corolla Altis are similar to go up. Finally, Honda Civic has a 1799cc engine, where the Corolla Altis has a 1798cc engine under its robery.
Now, the Honda Civic 1.8 liter variants are priced between PKR 28.09 lac to PKR 29.59 lac, whereas the Corolla Altis 1.8 liter variants are priced from PKR 26.89 lac to PKR 29.99 lac.