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Thread: Swift Transfer charges(Withholding tax)

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    Default Swift Transfer charges(Withholding tax)

    My friend has recently finalized Swift 2011(July registered). I am really confused on how much would it cost for getting car transfered to his name. He is a IT Return Filer. I am dealing with all his buying issues as he is not in Lahore. I need to know exact amount. Opinion needed from people who have gone through this process for 2011-2012 Swift after 1st July2015. Others are also welcome to reply if they can give solid info....Its urgent. We will be taking car on Monday Inshallah and want to go for transfer on same day....
    The car is Lahore registered....
    NiGhT ShAdE>>~

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    No reply......
    NiGhT ShAdE>>~

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    Got it transfered today...
    Transfer fee + 5th Year Withholding tax(for Filer) + Agent fee = Rs. 13000
    NiGhT ShAdE>>~

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    Hey man, I'm picking up my Swift on Monday too Inshallah and plan to Transfer in the same week , can you tell me how much the whole thing would cost for a non filer ?

    Including all the fees minus Agent.
    Car is 2012 October Model.

    Thanks.

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    Oct-2012 Swift for non filer would cost around 45000. Original WHT tax for non-filer is 60000. Reduce 10% of it for every year. Transfer fee is seperate.
    NiGhT ShAdE>>~

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    This is rather shocking but I guess it has to be done then.

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    Quote Originally Posted by NiGhTShAdE View Post
    My friend has recently finalized Swift 2011(July registered). I am really confused on how much would it cost for getting car transfered to his name. He is a IT Return Filer. I am dealing with all his buying issues as he is not in Lahore. I need to know exact amount. Opinion needed from people who have gone through this process for 2011-2012 Swift after 1st July2015. Others are also welcome to reply if they can give solid info....Its urgent. We will be taking car on Monday Inshallah and want to go for transfer on same day....
    The car is Lahore registered....
    Bro can u guide me regarding transfer fee. I am a non filer and car make is December 2011 Reg Jan 2012.
    One token is also short.
    Any assistance will be appreciated.

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    Quote Originally Posted by usmanqadeer.education View Post
    Bro can u guide me regarding transfer fee. I am a non filer and car make is December 2011 Reg Jan 2012.
    One token is also short.
    Any assistance will be appreciated.
    Bro as mentioned previously, WHTax on new Swift for filer is 12500 and 60000 for non-filer for Punjab. Reduce 10% for every year that makes WHT on swift in fifth year around 30000. Transfer fee is around 5000.
    Token for Swift(1328cc) is around 13000 for non-filer and 8000 for filer.
    There is 10% fine for every month delay in token tax after 31-Aug of every year.
    Make your calculations.
    Buyingn1300cc+ car in Punjab less than five years old involves heavy WHTaxes which most people are unaware off. They come to know this once they have already made a deal and are going for transfer....
    NiGhT ShAdE>>~

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    Quote Originally Posted by NiGhTShAdE View Post
    Bro as mentioned previously, WHTax on new Swift for filer is 12500 and 60000 for non-filer for Punjab. Reduce 10% for every year that makes WHT on swift in fifth year around 30000. Transfer fee is around 5000.
    Token for Swift(1328cc) is around 13000 for non-filer and 8000 for filer.
    There is 10% fine for every month delay in token tax after 31-Aug of every year.
    Make your calculations.
    Buyingn1300cc+ car in Punjab less than five years old involves heavy WHTaxes which most people are unaware off. They come to know this once they have already made a deal and are going for transfer....
    Better to keep it on ipen transfer
    Will go for token only
    Thanks for your help bro

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    Quote Originally Posted by usmanqadeer.education View Post
    Better to keep it on ipen transfer
    Will go for token only
    Thanks for your help bro
    Not an option now bro....TO forms are valid for 1 month only from date of issuance.....
    NiGhT ShAdE>>~

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    [QUOTE=NiGhTShAdE;4992519]Not an option now bro....TO forms are valid for 1 month only from date of issuance.....[/QUoh ok...

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    [QUOTE=usmanqadeer.education;4992521]
    Quote Originally Posted by NiGhTShAdE View Post
    Not an option now bro....TO forms are valid for 1 month only from date of issuance.....[/QUoh ok...

    Owner can get new transfer letter if the car is still in his name but no owner would give you second TO letter as it would be a big risk fod him in current security situation..,
    NiGhT ShAdE>>~

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    So the car I was supposed to pick up today isn't with me yet. Turns out the seller's forgot to mention that the car was Bank Leased and they were making their final payment on it today and so the bank will issue "complete payment made" papers to them in 4 days time .....

    So naturally I told em that I'll pick up the car then.

    Kinda sad but what can I do

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    Bought swift on 13 Jan ..
    All its tokens upto Jun 2016 were paid by previous owner.

    Just came back from Walton Office after paying everything and will collect new registeration book on my name after 1 week.

    Total amount paid 47700 rs for non filer .

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    Quote Originally Posted by nayefs View Post
    Bought swift on 13 Jan ..
    All its tokens upto Jun 2016 were paid by previous owner.

    Just came back from Walton Office after paying everything and will collect new registeration book on my name after 1 week.

    Total amount paid 47700 rs for non filer .
    Only transfer changes were 47700?

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    Transfer fee : 2000 Rs
    Transfer sticker fee : 200 Rs
    Witholding Tax : 45500 Rs

    All worth it though because I love this car

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    Quote Originally Posted by nayefs View Post
    Transfer fee : 2000 Rs
    Transfer sticker fee : 200 Rs
    Witholding Tax : 45500 Rs

    All worth it though because I love this car
    Best of luck with your ride... Allah mubarik karay

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    Quote Originally Posted by NiGhTShAdE View Post
    Oct-2012 Swift for non filer would cost around 45000. Original WHT tax for non-filer is 60000. Reduce 10% of it for every year. Transfer fee is seperate.
    What would ne the cist for transfer of Swift 2011 december registered in jan12.
    For filer and no filer as well...

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    Quote Originally Posted by usmanqadeer.education View Post
    What would ne the cist for transfer of Swift 2011 december registered in jan12.
    For filer and no filer as well...
    Around 10K for filer and around 40K for non-filer
    NiGhT ShAdE>>~

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    Hi @NiGhTShAdE
    I am going to transfer my swift on my name in next week IA as I just registered my self as IT filer and got my NTN with me. I will be traveling from pindi to Lhr specially for this matter. Could you confirm me that what I have to do exactly to get it transferred in ETO office Lhr. Or I need to pay to an agent to get this all done.
    Any guidance will be appreciated highly.

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