Tag Archives: Tax hike to halve car sales

KARACHI: The Economic Coordina­tion Committee’s (ECC) decision to increase the general sales tax to 25 per cent on locally produced vehicles of 1,400cc and above or priced Rs4 million will result in a drop in volumes and revenues. The auto assemblers said it is highly unlikely that a hike in GST would additionally generate revenue of Rs4 billion. The measure …

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