Govt imposed 25% sales levy on locally made vehicles
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The Financial Coordination Committee (ECC) has affirmed 25% Sales levy on locally made vehicles, managing a blow to buyers as of now battling with boom on Wednesday.
The committee, the gathering of which was managed over by the federal clergy for finance, Income, and Financial affaris, Dr Shamshad Akhtar. Beneath the endorsed measures, a 25% sales levy will be exacted on locally created vehicles, focusing on vehicles estimated at Rs 4 million or more or those with motors over 1400 cc. These choices, whereas pointing to support government incomes, spell a critical blow to buyers as of now hooking with inflation
