Tue, 21-Oct-2025

New Vehicle Token Tax in Punjab – July 2024

New Vehicle Token Tax in Punjab - July 2024

The Punjab government approved the Punjab Finance Bill 2024-25. The Punjab govt introduced a new token tax policy for vehicle owners. The lifetime token tax for 1000cc vehicles has increased to Rs20,000 from Rs15,000. In Lahore, the Punjab government approved the Punjab Finance Bill 2024-25, which includes various amendments to the Punjab Motor Vehicles Taxation … Read more

New Vehicle Lifetime Token Tax in Punjab for July 2024

New Vehicle Lifetime Token Tax in Punjab for July 2024

The Punjab government has enacted the Punjab Finance Bill 2024-25, introducing several changes and amendments to the Punjab Motor Vehicles Taxation Act. Among the proposed changes to the Motor Vehicles Taxation Act, the government has introduced a new token tax in the region. This new token tax policy targets vehicle owners in the province. According … Read more