Pak Suzuki Confirms New Advance Tax

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The Annual Budget 2022-2023 came with fresh tax hikes for the country’s auto industry. Also, this new budget proposed to increase Advance tax on cars for filers and non-filers (100% to 200%). Subsequently, the finance bill revealed the figures proposed in the budget and the government accepted the proposal. Meaning, new taxes were implemented from July 1, 2022.

New Advance Tax

Of all the companies, Pak Suzuki confirmed the increase in Advance tax on its vehicles. Here are the details of vehicles with new figures revealing previous and new advance tax on Suzuki cars.

Company Notice:

The revised Advance tax shall be applicable for all pending booking orders to be delivered and invoiced from July 1, 2022 and onwards.

Cars affected by Annual budget 2022-23

Here are the cars that will be affected if the National Assembly approves this Annual Budget 2022-23 proposal.

Cars above 1600cc up to 1800cc

We have three variants of one sedan in the 1601cc to 1800cc category. The current Advance Tax on these cars is Rs. 75,000 for filers and Rs. 150,000 for non-filers.

Cars above 1800cc up to 2000cc

We have two locally assembled sedans and two crossovers in the 1801cc to 2000cc category. The current Advance Tax on these cars is Rs. 100,000 for filers and Rs. 200,000 for non-filers.

Cars above 2000cc up to 2500cc

There’s one locally assembled sedan, one crossover (in two variants), and one pick-up truck in the 2001cc to 2500cc category. The current Advance Tax on this car is Rs. 150,000 for filers and Rs. 300,000 for non-filers.

Cars above 2500cc up to 3000cc

We have one locally assembled SUVs and one pick-up trucks in the 2501cc to 3000cc category. The current Advance Tax on these cars is Rs. 200,000 for filers and Rs. 400,000 for non-filers.

Cars above 3000cc

We have one locally assembled crossover (in one variant) in the above 3000cc category. The current tax on these cars is Rs. 250,000 for filers and Rs. 500,000 for non-filers.

To be clear, all the above non-filer Advance Taxes will be doubled, and filer Advance Taxes will increase (How much? We don’t know yet). Let’s see if the proposed budget gets approved by the National Assembly.

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