WHT tax

Budget for fiscal year 2025-26 is just around the corner, and consumers planning to buy a car are anxiously waiting to see what it brings—whether there will be any relief or yet another hike in taxes and duties…

In June 2024, the government proposed a new automotive tax policy on brand-new local cars. Under the revised policy, WHT tax on cars will now be calculated based on their value, i.e., the invoice price. …