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Govt cuts HEV sales tax from 25% to 18%
The government has lowered the sales tax on locally manufactured hybrid electric vehicles (HEVs) with engine capacity up to 2000cc from 25% to 18%. The Finance Division has issued S.R.O. 1525(1)/2026 dated September 13, 2026, amending the sales-tax notification S.R.O. 297(1)/2023. “In exercise of the powers conferred by clause (b) of sub-section (2) of section 3 of the Sales Tax Act, 1990, read with the first proviso to clause (a) of the said sub-section (2), the Federal Government is pleased to direct that the following amendments shall be made in its Notification No. S.R.O. 297(1)/2023, date...
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