The government is now assessing withholding tax for vehicles like the Honda City based on their invoice prices rather than applying a fixed amount based on engine capacity.
The government introduced the policy change in the fiscal year 2024-25 budget, resulting in increased prices for vehicles like the Honda City across the country.
Honda City in Pakistan
The Honda City, a locally manufactured hatchback, is renowned for its reliability, comfort, and performance, making it a preferred choice among car buyers.
The Honda City, a locally manufactured hatchback, is renowned for its reliability, comfort, and performance, making it a preferred choice among car buyers.
It also comes with automated temperature control, a feature-packed steering wheel, modern LED headlights, LED taillights, and the latest multimedia system.
With its Water Cooled 4 Stroke SOHCi-VTEC engine, the Honda City delivers a potent blend of power and fuel efficiency, perfect for both city driving and long-distance trips.
It includes airbags, an anti-lock braking system (ABS), and vehicle stability assist (VSA), ensuring a safe driving experience on the road.
Honda City Variants
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 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 |
Under the revised policy, the government now applies withholding tax based on the invoice price. For vehicles with engine capacities ranging from 1001 to 1300cc, it imposes a 1.5% withholding tax on filers and 4.5% on non-filers. Vehicles with engine capacities between 1301 and 1600 cc face a 2% withholding tax for filers and 6% for non-filers.
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
|
117,580 | 5,996,580 | 352,740 | 6,231,740 |