The auto industry in Pakistan has been facing significant challenges recently, with soaring vehicle prices driven by the depreciation of the rupee and changes in tax policies, particularly with regards to Withholding Tax (WHT) and registration fees. For many prospective car buyers, the dream of owning a new vehicle seems increasingly out of reach as the tax burden continues to rise.
As part of efforts to boost government revenues, non-tax filers are facing much higher taxes compared to those who are tax filers. The latest tax rates on Honda City models are a reflection of these tightening tax policies, making it essential for consumers to understand the financial implications before purchasing a car.
Honda City Taxes in Pakistan (2024)
Here’s a breakdown of the Honda City taxes for both filers and non-filers:
| Honda City Model | Tax for Filers | Tax for Non-Filers |
|---|---|---|
| Honda City 1.2LS MT | Rs 70,185 | Rs 210,555 |
| Honda City 1.2LS CVT | Rs 70,785 | Rs 212,355 |
| Honda City 1.5LS CVT | Rs 109,380 | Rs 328,140 |
For instance, the tax for Honda City 1.2LS MT is Rs 70,185 for filers, but non-filers are required to pay Rs 210,555—almost three times more. The tax on Honda City 1.5LS CVT increases significantly, with filers paying Rs 109,380 and non-filers taxed at a hefty Rs 328,140.
Honda City Latest Prices in Pakistan (2024)
The tax amounts are directly related to the overall price of the car. Here are the latest prices for Honda City models:
| Car Variant | Price for Filer | Price for Non-Filers |
|---|---|---|
| Honda City 1.2LS MT | Rs 4,749,185 | Rs 4,889,555 |
| Honda City 1.2LS CVT | Rs 4,789,785 | Rs 4,931,355 |
| Honda City 1.5LS CVT | Rs 5,578,380 | Rs 5,797,140 |
As the table shows, non-filers are paying significantly more than filers. For example, the Honda City 1.2LS MT is priced at Rs 4,749,185 for filers, while non-filers have to pay Rs 4,889,555, a difference of nearly Rs 140,000.
Withholding Tax on Other Honda Models
The Withholding Tax on Honda Civic models has also increased, with filers paying lower taxes compared to non-filers. Here are the details for the Honda Civic taxes in 2024:
| Honda Civic Model | Price | Tax for Filers | Tax for Non-Filers |
|---|---|---|---|
| Honda Civic Oriel | Rs 8,659,000 | Rs 173,180 | Rs 519,540 |
| Honda Civic RS | Rs 9,899,000 | Rs 197,980 | Rs 593,940 |
For the Honda Civic Oriel, which is priced at Rs 8,659,000, the tax for filers is Rs 173,180, while non-filers are required to pay Rs 519,540. Similarly, for the Honda Civic RS, priced at Rs 9,899,000, filers pay Rs 197,980 and non-filers pay Rs 593,940.
Impact of Withholding Tax on Car Buyers in Pakistan
With the government’s increasing reliance on taxes to raise revenue, the gap between taxes for filers and non-filers continues to widen. For car buyers, this means that the financial burden is heavier for those who are not registered taxpayers. While filers benefit from relatively lower taxes, non-filers face staggering additional costs.
Conclusion
The Honda City tax rates in Pakistan are just one example of how the auto industry is being impacted by the rising tax burdens in the country. For those looking to buy a new car, understanding the tax implications—whether you are a filer or a non-filer—is crucial. Non-filers are significantly disadvantaged, as they must pay considerably more in taxes. As tax policies continue to evolve, it’s important for potential buyers to stay informed about any updates to the tax system, especially if they are considering purchasing a Honda City or any other car in Pakistan.
For more information on Honda City taxes and other car taxes in Pakistan, stay updated with the latest news and price details.
