It has been revealed that the government has abolished Federal Excise Duty (FED) on locally assembled vehicles with an engine displacement of 850cc or less. The said Duty rate was 2.5% prior to the development.
In the session, Federal Finance Minister Shaukat Tareen further informed that sales tax on the said segment of cars has also been brought down from 17% to 12%, resulting in a 4.5% of reduction in tax rates.
Негізгі бет Car prices and Tax reduction in new Budget.
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