LAHORE: The Punjab Excise and Taxation Department on Saturday revised the vehicle registration and transfer fees in line with the recent budget announced by the caretaker government.

The Excise department reduced the registration fee for 1501-2000cc vehicles by one per cent, bringing it down from 3pc to 2pc.

Meanwhile, the government has announced a 95pc discount in motor vehicle tax for electric vehicles till June 2025. It has also announced a new withholding tax on registration of vehicles above 2000cc.

The private vehicles which were previously charged token tax of Rs2,500 per seat, will now be taxed on the basis of their engine capacity.

Moreover, the department has also revised the transfer fees for motorcycles, cars, rickshaw and commercial vehicles.

The fee for motorcycles has been increased from Rs150 to Rs500, while it has been jacked up to Rs2,500 from Rs1,200 for vehicles up to 1000cc.

For up to 1800cc vehicles, the fee has been increased by Rs3,000 to Rs5,000, while for above 1800cc it will be Rs10,000 instead of the previous Rs3,000.

The transfer fee for commercial vehicles has also been increased by Rs1,000 to Rs5,000.

Published in Dawn, July 9th, 2023