PM okays 1% sales tax on battery Evs
PM okays 1% sales tax on battery Evs
Prime Minister Shehbaz Sharif on Tuesday approved a reduction in the sales tax rate to 1% only for local and imported Battery Electric Vehicles and agreed to substantially cut import taxes under a new five-year auto policy, which would substantially reduce prices of both conventional and new energy vehicles. After months-long discussions, the premier approved the final policy draft that would now be presented to the...