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Our Correspondent
Friday, August 03, 2012
From Print Edition
 
 

 

LAHORE

 

NEW lifetime motor vehicle tax for up to 1,000cc four-wheeler offered by the Punjab government has created ambiguity in users and they are unable to understand it while post offices are also not offering this service.

 

The Punjab government has introduced new law through Finance Bill 2012 in the provincial budget 2012-13 under which it amended the motor vehicle tax paid by users for 1000cc vehicles. Under the amended law, the government has fixed onetime motor vehicle tax (token tax) Rs 10,000 to give relief to the public from hassle of annual renewal of tax. Under the new amended law, old users would pay remaining amount of Rs 10,000 against their motor vehicle tax. For instance, if a user has already paid Rs 6,000 for the last few years as token tax then he will pay only Rs 4,000 remaining amount to the government exchequer for lifetime token against his/her vehicle.

 

Every new users who got registered their 1000cc vehicle from this fiscal year and onwards will pay onetime token tax of Rs 10,000 while old users can continue annual renewal token tax process or pay onetime lifetime tax as well, said Punjab Excise and Taxation Department Motor Vehicle Tax Director Muhammad Asif.

 

Other than this, the users will pay Rs 750 income tax and Rs 200 professional tax which will be submitted to the national exchequer, he added. After paying lifetime token tax the users will not pay any professional and income tax too, he added.

 

However, the post offices were unable to understand this new amendment and majority of them was collecting only annual renewal token tax from the users. The users are registered with their respective post offices and they are facing problems in paying token taxes to provincial exchequer.

 

Asif admitted that users were facing some issues in submission of new amended token tax for 1000cc and said the issues would be resolved.