{"id":100178,"date":"2023-06-26T10:54:25","date_gmt":"2023-06-26T10:54:25","guid":{"rendered":"https:\/\/autodeals.pk\/blog\/?p=100178"},"modified":"2023-06-26T10:54:25","modified_gmt":"2023-06-26T10:54:25","slug":"advanced-income-tax-increase-on-vehicle-registration","status":"publish","type":"post","link":"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/","title":{"rendered":"Advanced Income Tax Increase On Vehicle Registration of Above 2000cc"},"content":{"rendered":"<h2>Overview<\/h2>\n<p>Cars over 2000cc engine capacity become more expensive after the amended bill passed under the Fiscal Budget 2023-24. The government has made significant changes in vehicle taxes under the <a href=\"https:\/\/autodeals.pk\/blog\/budget-2023-24-35-customs-duty-imposed-on-car-parts\/\">budget<\/a>. As per the amended Bill 2023 Advanced Income Tax has increased on the registration of over 2000cc vehicles. The purpose of significant change in luxury car registration is to increase government income. Luxury cars are already expensive in Pakistan. Import restrictions and devaluation of rupee value has made the price of these cars unexpectedly higher. But lovers of these car never stop buying these cars. The increase in tax probably made effect on sale of these vehicles.<\/p>\n<h2>New Tax Slab Implementation For 2000cc to 3000cc and Above<\/h2>\n<p>According to the amended Finance Bill 2023, fixes percentage of tax for imported and locally manufactured vehicles announced. The details of tax slabs will work as:<\/p>\n<ul>\n<li>The first slab of tax for cars with engine capacity of 2001cc to 2500cc is fix at 6% on the value of the vehicle.<\/li>\n<li>The second slab announced for the engine capacity over 2501cc to 3000cc and the tax percentage would be 8% on the value of the vehicle.<\/li>\n<li>The third slab is for vehicles having engine capacity over 3000cc and fix tax for these vehicles is 10% on the basis of the value of the vehicle.<\/li>\n<\/ul>\n<p>Under section 231B of the Income Tax Ordinance 2001, advanced tax has been collected on motor vehicles. Advanced Income Tax shall be collected at the time of registration by the registration authority of the Excise and Taxation Department at the specified rates.<\/p>\n<h2>Conclusion<\/h2>\n<p>The increase in tax will bring car prices up. This might affect car sales because buyers should have to calculate the additional tax amount. It is important as well to calculate the total amount inclusive the additional tax announced for 2000cc and above vehicles. The amended Finance Bill imposed on imported and locally assembled 2000cc or above vehicles. Meanwhile, automakers were already concerned about new tax in the budget. They announced special offers to customers before the budget has announced.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overview Cars over 2000cc engine capacity become more expensive after the amended bill passed under the Fiscal Budget 2023-24. The government has made significant changes in vehicle taxes under the budget. As per the amended Bill 2023 Advanced Income Tax has increased on the registration of over 2000cc vehicles. The purpose of significant change in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":100179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"topbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"2","show_author_box":"1","show_post_related":"1","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":[],"jnews_override_counter":[],"jnews_post_split":[],"footnotes":""},"categories":[28],"tags":[3173,3174,3175],"class_list":["post-100178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-2000cc-vehicles","tag-advance-incoem-tax","tag-vehicles-above-2000cc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.1 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Advanced Income Tax Increase On Vehicle Registration of Above 2000cc<\/title>\n<meta name=\"description\" content=\"As per the amended Bill 2023 Advanced Income Tax has increased on the registration of over 2000cc vehicles.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Advanced Income Tax Increase On Vehicle Registration of Above 2000cc\" \/>\n<meta property=\"og:description\" content=\"As per the amended Bill 2023 Advanced Income Tax has increased on the registration of over 2000cc vehicles.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/\" \/>\n<meta property=\"og:site_name\" content=\"Automotive News | Auto Deals Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AutoDeals.Int\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-26T10:54:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2023\/06\/Advanced-Income-Tax-Increase-On-Vehicle-Registration-of-Above-2000cc-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Andleeb Sidhu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Andleeb Sidhu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/\"},\"author\":{\"name\":\"Andleeb Sidhu\",\"@id\":\"https:\/\/autodeals.pk\/blog\/#\/schema\/person\/c4d29d7b6f97316ffe83c6a7eaa7dd50\"},\"headline\":\"Advanced Income Tax Increase On Vehicle Registration of Above 2000cc\",\"datePublished\":\"2023-06-26T10:54:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/\"},\"wordCount\":348,\"publisher\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2023\/06\/Advanced-Income-Tax-Increase-On-Vehicle-Registration-of-Above-2000cc-1.png\",\"keywords\":[\"2000cc vehicles\",\"advance incoem tax\",\"vehicles above 2000cc\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/\",\"url\":\"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/\",\"name\":\"Advanced Income Tax Increase On Vehicle Registration of Above 2000cc\",\"isPartOf\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2023\/06\/Advanced-Income-Tax-Increase-On-Vehicle-Registration-of-Above-2000cc-1.png\",\"datePublished\":\"2023-06-26T10:54:25+00:00\",\"description\":\"As per the amended Bill 2023 Advanced Income Tax has increased on the registration of over 2000cc vehicles.\",\"breadcrumb\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/#primaryimage\",\"url\":\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2023\/06\/Advanced-Income-Tax-Increase-On-Vehicle-Registration-of-Above-2000cc-1.png\",\"contentUrl\":\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2023\/06\/Advanced-Income-Tax-Increase-On-Vehicle-Registration-of-Above-2000cc-1.png\",\"width\":1280,\"height\":720,\"caption\":\"Advanced Income Tax Increase On Vehicle Registration of Above 2000cc\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/autodeals.pk\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Advanced Income Tax Increase On Vehicle Registration of Above 2000cc\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/autodeals.pk\/blog\/#website\",\"url\":\"https:\/\/autodeals.pk\/blog\/\",\"name\":\"Automotive News | Auto Deals Blog\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/autodeals.pk\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/autodeals.pk\/blog\/#organization\",\"name\":\"Auto Deals\",\"url\":\"https:\/\/autodeals.pk\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/autodeals.pk\/blog\/#\/schema\/logo\/image\/\",\"url\":null,\"contentUrl\":null,\"width\":null,\"height\":null,\"caption\":\"Auto Deals\"},\"image\":{\"@id\":\"https:\/\/autodeals.pk\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/AutoDeals.Int\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/autodeals.pk\/blog\/#\/schema\/person\/c4d29d7b6f97316ffe83c6a7eaa7dd50\",\"name\":\"Andleeb Sidhu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/autodeals.pk\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d1ff873dcdee10b51556248c69ce61fa8484f37b028d997f15d830d09829aee9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d1ff873dcdee10b51556248c69ce61fa8484f37b028d997f15d830d09829aee9?s=96&d=mm&r=g\",\"caption\":\"Andleeb Sidhu\"},\"url\":\"https:\/\/autodeals.pk\/blog\/author\/andleeb-sidhu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Advanced Income Tax Increase On Vehicle Registration of Above 2000cc","description":"As per the amended Bill 2023 Advanced Income Tax has increased on the registration of over 2000cc vehicles.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/","og_locale":"en_US","og_type":"article","og_title":"Advanced Income Tax Increase On Vehicle Registration of Above 2000cc","og_description":"As per the amended Bill 2023 Advanced Income Tax has increased on the registration of over 2000cc vehicles.","og_url":"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/","og_site_name":"Automotive News | Auto Deals Blog","article_publisher":"https:\/\/www.facebook.com\/AutoDeals.Int\/","article_published_time":"2023-06-26T10:54:25+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2023\/06\/Advanced-Income-Tax-Increase-On-Vehicle-Registration-of-Above-2000cc-1.png","type":"image\/png"}],"author":"Andleeb Sidhu","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Andleeb Sidhu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/#article","isPartOf":{"@id":"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/"},"author":{"name":"Andleeb Sidhu","@id":"https:\/\/autodeals.pk\/blog\/#\/schema\/person\/c4d29d7b6f97316ffe83c6a7eaa7dd50"},"headline":"Advanced Income Tax Increase On Vehicle Registration of Above 2000cc","datePublished":"2023-06-26T10:54:25+00:00","mainEntityOfPage":{"@id":"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/"},"wordCount":348,"publisher":{"@id":"https:\/\/autodeals.pk\/blog\/#organization"},"image":{"@id":"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/#primaryimage"},"thumbnailUrl":"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2023\/06\/Advanced-Income-Tax-Increase-On-Vehicle-Registration-of-Above-2000cc-1.png","keywords":["2000cc vehicles","advance incoem tax","vehicles above 2000cc"],"articleSection":["News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/autodeals.pk\/blog\/#organization"}},{"@type":"WebPage","@id":"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/","url":"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/","name":"Advanced Income Tax Increase On Vehicle Registration of Above 2000cc","isPartOf":{"@id":"https:\/\/autodeals.pk\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/#primaryimage"},"image":{"@id":"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/#primaryimage"},"thumbnailUrl":"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2023\/06\/Advanced-Income-Tax-Increase-On-Vehicle-Registration-of-Above-2000cc-1.png","datePublished":"2023-06-26T10:54:25+00:00","description":"As per the amended Bill 2023 Advanced Income Tax has increased on the registration of over 2000cc vehicles.","breadcrumb":{"@id":"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/#primaryimage","url":"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2023\/06\/Advanced-Income-Tax-Increase-On-Vehicle-Registration-of-Above-2000cc-1.png","contentUrl":"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2023\/06\/Advanced-Income-Tax-Increase-On-Vehicle-Registration-of-Above-2000cc-1.png","width":1280,"height":720,"caption":"Advanced Income Tax Increase On Vehicle Registration of Above 2000cc"},{"@type":"BreadcrumbList","@id":"https:\/\/autodeals.pk\/blog\/advanced-income-tax-increase-on-vehicle-registration\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/autodeals.pk\/blog\/"},{"@type":"ListItem","position":2,"name":"Advanced Income Tax Increase On Vehicle Registration of Above 2000cc"}]},{"@type":"WebSite","@id":"https:\/\/autodeals.pk\/blog\/#website","url":"https:\/\/autodeals.pk\/blog\/","name":"Automotive News | Auto Deals Blog","description":"","publisher":{"@id":"https:\/\/autodeals.pk\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/autodeals.pk\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/autodeals.pk\/blog\/#organization","name":"Auto Deals","url":"https:\/\/autodeals.pk\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/autodeals.pk\/blog\/#\/schema\/logo\/image\/","url":null,"contentUrl":null,"width":null,"height":null,"caption":"Auto Deals"},"image":{"@id":"https:\/\/autodeals.pk\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/AutoDeals.Int\/"]},{"@type":"Person","@id":"https:\/\/autodeals.pk\/blog\/#\/schema\/person\/c4d29d7b6f97316ffe83c6a7eaa7dd50","name":"Andleeb Sidhu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/autodeals.pk\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d1ff873dcdee10b51556248c69ce61fa8484f37b028d997f15d830d09829aee9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d1ff873dcdee10b51556248c69ce61fa8484f37b028d997f15d830d09829aee9?s=96&d=mm&r=g","caption":"Andleeb Sidhu"},"url":"https:\/\/autodeals.pk\/blog\/author\/andleeb-sidhu\/"}]}},"_links":{"self":[{"href":"https:\/\/autodeals.pk\/blog\/wp-json\/wp\/v2\/posts\/100178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/autodeals.pk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/autodeals.pk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/autodeals.pk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/autodeals.pk\/blog\/wp-json\/wp\/v2\/comments?post=100178"}],"version-history":[{"count":0,"href":"https:\/\/autodeals.pk\/blog\/wp-json\/wp\/v2\/posts\/100178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/autodeals.pk\/blog\/wp-json\/wp\/v2\/media\/100179"}],"wp:attachment":[{"href":"https:\/\/autodeals.pk\/blog\/wp-json\/wp\/v2\/media?parent=100178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/autodeals.pk\/blog\/wp-json\/wp\/v2\/categories?post=100178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/autodeals.pk\/blog\/wp-json\/wp\/v2\/tags?post=100178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}