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The government is contemplating a substantial rise in withholding tax on new car purchases, with proposed changes not limited to a flat increase but a percentage-based hike affecting cars with engine capacities ranging from under 850 cc to 2000 cc.
The latest version of the Wagon R includes a more advanced air conditioning system, a 9-inch LCD option, defoggers, and a boot parcel tray, setting it apart from its Indonesian counterpart.
The Suzuki Wagon R, a front-engine, front-wheel-drive hatchback, has become a major player in Pakistan’s motorized market.
Accumulated by Pak Suzuki Motors, this model, known locally as the Pak Suzuki Wagon R, stands out for its blend of realism and progressive features. Variants of this model are also accessible in India and Indonesia.
Revised Withholding Taxes on Suzuki Wagon R 2024
| Up To 850cc | Current Value | Current Tax | Proposed Tax (%) | Proposed Tax (pkr) | Difference (pkr) | |
| Suzuki Wagon R | Suzuki Wagon R VXR | 3,214,000 | 20,000 | 1.00% | 32140 | 12,140 |
| Suzuki Wagon R | Suzuki Wagon R VXL | 3,412,000 | 20,000 | 1.00% | 34120 | 14,120 |
| Suzuki Wagon R | Suzuki Wagon R AGS | 3,741,000 | 20,000 | 1.00% | 37410 | 17,410 |
Taxes on Cars in Pakistan after Budget 2024-25
| Engine Size (cc) | Tax Rate (%) |
|---|---|
| Up to 850 | 0.5 |
| 851 to 1000 | 1 |
| 1001 to 1300 | 1.5 |
| 1301 to 1600 | 2 |
| 1601 to 1800 | 3 |
| 1801 to 2000 | 5 |
| 2001 to 2500 | 7 |
| 2501 to 3000 | 9 |
| Above 3000 | 12 |
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