The Punjab government has proposed wide-ranging fiscal reforms in its Finance Bill 2026-27, aiming to increase provincial revenue, expand the tax base and improve documentation across multiple sectors. The proposed measures include higher taxes on vehicles, revisions to service taxes, changes in property taxation and new incentives designed to support electric vehicles, businesses and agriculture. […]
token tax
Vehicle owners get relief: 10% discount on token tax till august 30
Lahore — In a relief move for vehicle owners, the Punjab Excise and Taxation Department has announced a 10% discount on token tax payments for the current fiscal year. The department hopes this step will encourage early compliance and reduce tax default cases. According to excise officials, the discount is valid only until August 30, […]