The federal government has decided to raise token tax rates for private, public service, and commercial vehicles in Islamabad to increase revenue. According to sources, the Cabinet recently approved a proposal from the Ministry of Interior and Narcotics Control to amend the decades-old West Pakistan Motor Vehicles Taxation Act, 1958, under which token taxes are … Read more
The Punjab government is introducing a new vehicle token tax system starting July 2024. The new tax will be based on the vehicle’s invoice price instead of engine capacity. The new system is designed to improve revenue collection and transparency. The Punjab government has announced a new vehicle token tax system starting July 2024. Instead … Read more
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
