In the coming fiscal year, new taxes on luxury vehicles could be imposed. This may cause luxury car costs to rise even further.
Currently, a 200% additional fee is imposed on cars imported with capacities ranging from 2,001CC to 3,000CC.
This could be increased by 250%, while the applicable extra duty for autos ranging from 3,001CC to 4,000CC could be increased to 350%, a 500% increase.
SUVs are automobiles with engine capacities of more than 2,000cc. A huge number of SUVs or…
Comments are closed