Automobile

Honda City new prices in Pakistan after increased withholding tax (July 2024)

Published by

Web Desk

2 years ago

ISLAMABAD: The federal government has started assessing withholding tax on vehicles, including the Honda City, based on the invoice price instead of charging a fixed amount based on engine capacity.

The policy change was introduced by the government in the budget for the financial year 2024-25, a move that has increased the prices of Honda City and other vehicles in the country.

Honda City Variants in Pakistan

Honda City is currently available in following variants:

Honda City 1.2LS MT,

Honda City 1.2LS CVT

Honda City 1.5LS CVT

Honda City 1.5LAS CVT.

Honda City in Pakistan 2024

The Honda City, a locally made hatchback, is known for its reliability, comfort and performance, making it one of the best choices for car buyers.

The latest generation of Honda City features sharper body lines, push button start, keyless entry and other exciting changes.

It is also equipped with automatic climate control, a weighted steering wheel, modern LED headlights, LED taillights and a state-of-the-art multimedia system.

Boasting a water-cooled 4-stroke, SOHCi-VTEC engine, it delivers a strong blend of power and fuel efficiency, ideal for urban commuting and long drives.

It includes airbags, anti-lock braking system (ABS) and vehicle stability assist (VSA), which provide a safe drive on the road.

Honda City New Prices in Pakistan From July 2024

The ex-factory price of Honda City 1.2LS MT stands at 4,649,000, Honda CityLS CVT Rs4,689,000, Honda City 1.5LS CVT Rs5,439,000 and City Aspire 1.5 LAC CVT’s ex-factory price stands at Rs5,849,000.

Previously, the government collected following fixed withholding tax on the basis of the engine capacity:

Variant	Tax for Filer	WHT for Non Filer
Honda City 1.2LS MT	Rs25,000	Rs75,000
Honda City 1.2LS CVT	Rs25,000	Rs75,000
Honda City 1.5LS CVT	Rs50,000	Rs150,000
Honda City 1.5LAS CVT	Rs50,000	Rs150,000

As the policy has been changed, the government now collects withholding tax based on the invoice value. It collects 1.5% WHT from filers and 4.5% from non-filers on vehicles with engine capacity of 1001 to 1300cc. It collects 2% WHT from filers and 6% WHT from non-filers on vehicles with engine capacity from 1301 to 1600cc. does.

Following are the new prices of Honda City Variants with new WHT:

Variant	New Tax for Filer	New Price for Filer	Non-Filers	New Price for Non-Filers
Honda City 1.2LS MT	70,185	4,749,185	210,555	4,889,555
Honda City 1.2LS CVT	70,785	4,789,785	212,355	4,931,355
Honda City 1.5LS CVT	109,380	5,578,380	328,140	5,797,140
Honda City 1.5LAS CVT