pakistan
Token tax increased on cars
Key takeaways
- Add ARY News on Google AAResize ISLAMABAD: The token tax on vehicles in Islamabad has been increased following approval from the National Assembly (NA) Standing Committee on Finance.
- Briefing the committee, the Deputy Commissioner (DC) of Islamabad apprised members that the capital’s token tax had not been adjusted since 2019, whereas other provinces had already raised theirs.
- Under the newly approved framework, vehicles up to 1000 CC manufactured before 2010 will now be subject to a fixed token tax of Rs. 20,000.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize ISLAMABAD: The token tax on vehicles in Islamabad has been increased following approval from the National Assembly (NA) Standing Committee on Finance. Under the newly approved rates, the token tax on 1000 CC vehicles has been raised to Rs. 20,000, ARY News reported.
Briefing the committee, the Deputy Commissioner (DC) of Islamabad apprised members that the capital’s token tax had not been adjusted since 2019, whereas other provinces had already raised theirs.
Under the newly approved framework, vehicles up to 1000 CC manufactured before 2010 will now be subject to a fixed token tax of Rs. 20,000.
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