In annual budget 2021-22, the government has removed Federal Excise Duty (FED) on locally assembled cars under 850cc. It was 2.5% earlier. While speaking at National Assembly Federal Finance Minister Shaukat Tareen said that sales tax on these cars also has been reduced to 12.5% from 17%, meaning the reduction of 4.5%. It means the […]
The post Annual Budget 2021-22 – Govt Ends FED on Cars Under 850cc appeared first on PakWheels Blog.