Punjab raises Annual Vehicle Token Tax Based on Invoice Value; Check new rates

LAHORE – The government of Punjab has jacked up yearly token tax on vehicles across the region, effective from July 1.

In Budget 2024-25 budget, the government of country’s most populated region amended the token tax based on the vehicle’s value rather than its engine capacity. This change responds to significant surge in vehicle prices over recent years, which will result in higher token tax rates based on the invoice value of the vehicle.