Tax relief for the auto sector is expected to be enhanced for cars up to 1,000cc in the Finance Bill 2021, with the aim of promoting affordable cars and localization in the country. The Finance Bill proposed tax measures for vehicles up to 850cc including exemption of Additional Customs Duty (ACD) and Regulatory Duties (RD). In a meeting chaired by Federal Minister for Finance Shaukat Tarin on Friday, Federal Minister for Industries Makhdum Khusro Bakhtyar gave a detailed briefing on the new auto policy.
19/6/2021