Punjab Budget Raises Tax Rates

Punjab increases vehicle token tax after major tax reform

Punjab government has increased vehicle token tax and revising sales tax rates across multiple services and sectors.

Punjab budget : Vehicle token tax to jump up to Rs24,000 - THE DESTINATION

LAHORE (Web Desk) – Punjab Finance Minister presented the budget for the fiscal year 2026-27 today, introducing a series of new tax proposals and revisions in vehicle and property taxation. The budget proposes a significant increase in annual vehicle token tax, with rates expected to rise up to three times. Under the proposals, the annual […] The post Punjab budget : Vehicle token tax to jump up to Rs24,000 appeared first on THE DESTINATION.

Punjab Budget 2026-27 Proposes Vehicle Token Tax Hike Up to Rs24,000

The Punjab government has proposed a substantial increase in annual vehicle token taxes as part of its budget for fiscal year 2026-27, alongside a series of tax reforms targeting vehicle registration, transfers, and property taxation. According to the budget proposals presented by Punjab Finance Minister Mujtaba Shuja-ur-Rehman, annual vehicle token taxes could increase by up […] The post Punjab Budget 2026-27 Proposes Vehicle Token Tax Hike Up …

Punjab Govt Proposes 99% Token Tax Relief for Electric Vehicles

The Punjab government has proposed a major reduction of up to 99% in token tax for electric vehicles (EVs) as part of its broader strategy to promote environmentally friendly transportation across the province. The move is aimed at making EV ownership significantly more affordable for the public while encouraging a shift away from fuel-powered vehicles that contribute to air pollution. Officials say the proposed tax relief is intended to support…

Punjab Budget 2026 proposes Biggest Token Tax Hike for Vehicles above 1000cc - Pakistan Observer

LAHORE – Punjab government unveiled wide-ranging package of tax reforms, regulatory measures, and revenue initiatives, and also made some changes regarding taxes. It includes biggest increase in vehicle token taxes in nearly two decades, stricter enforcement against tax non-compliance, and hefty penalties for companies violating tax laws. The provincial government proposed substantial increase in token taxes on commercial and larger vehicles wit…