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New Withholding Tax amount on Suzuki Alto in Pakistan from July 2024

03:04 PM | 10 Jul, 2024
New Withholding Tax amount on Suzuki Alto in Pakistan from July 2024
Source: File Photo

LAHORE – Suzuki Alto is a popular compact car in Pakistan, known for its affordability, fuel efficiency, and spaciousness.

The budget-friendly vehicle has undergone various updates and facelifts since its launch in Pakistan to stay competitive in the market and meet evolving consumer demands.

The all-new Alto offers aerodynamic design with unique lines and curves gives a vibrant look. It is a highly efficient performance car that has spacious cabin, Mp5 touch screen and  accessories.

The 660 cc vehicle is in built with safety features such as seat belts, ABS brakes and airbags making it a perfect choice for new generation. The Suzuki Alto is equipped with R-Series three-cylinder petrol engine.

Suzuki Alto Prices in Pakistan

The ex-factory price of Suzuki Alto VX stand at Rs2,331,000, VXR Rs2,707,000, VXR-AGS Rs2,894,000 and VXL-AGS Rs3,045,000.

New Withholding Tax on Suzuki Alto

Previously, the Punjab excise collected fixed amount of Rs10,000 from filers and Rs30,000 from non-filers in wake of withholding tax on vehicles with engine capacity up to 850cc.

In budget 2024-25, the government has decided to assess the withholding tax on the basis of the invoice price. Starting from July 2024, the government collects 0.5% of the value from filers and 1.5% of the value from non-filers.

The new WHT on Alto VX on filers would be Rs11,655 and Rs34,965 for non-filers. Similarly, it would be Rs13,535 for filers on Alto VXR and Rs40,605 for non-filers.

The excise would charge Rs14,470 from filers on VXR-AGS and Rs43,410 from non-filers. It would collect Rs15,225 from filers on VXL-AGS and Rs45,675 from non-filers.

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Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 14 July 2024

Pakistani currency rates against US Dollar and other currencies on July 14, 2024 (Sunday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.8 for buying and 280.75 for selling. Euro's buying rate moves up to 301.25 and selling rate is 303.15.

British Pound rate is 355.15 for buying, and 358.65 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.65.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.8 280.75
Euro EUR 301.25  303.15
UK Pound Sterling GBP 355.15 358.65
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.65 74.37
Australian Dollar AUD 184.55 186.35
Bahrain Dinar BHD 741 749
Canadian Dollar CAD 203.75 205.75
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.15 311.65
Thai Bhat THB 7.5 7.65

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