Tuesday, June 15, 2021
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Budget recommends making small cars cheaper – IG News

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Budget recommends making small cars cheaper

Budget 2021-22 recommends making small vehicles cheaper.

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The federal budget is being presented today. The budget of about Rs 8,000 billion will be presented by Finance Minister Shaukat Tareen.

According to sources, the budget has proposed to reduce taxes on vehicles smaller than 850 cc.

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A proposal to reduce sales tax, excise duty and additional customs duty on small vehicles is also under consideration.

In addition, it is proposed to reduce taxes on various brands of new motorcycles, while it is also proposed to reduce taxes on new models of tractors.

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