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Tax Department Could Not Collect Tasked Property Tax Amount

Tax Department Could Not Collect Tasked Property Tax Amount

In the first half of the current fiscal year, the Excise and Taxation Department of the country’s most populated province expected Rs5 billion rupees but only managed to collect Rs4 billion. According to sources, this is owing to the uncertainties surrounding the property tax rate rise.

The Resource Mobilization Committee (RMC) discontinued remission at the start of the current fiscal year, after which the Excise Department issued property tax challans with increases of up to 100% over the previous fiscal year. The public was outraged by the move, which attracted the Chief Minister’s curiosity, prompting him to order the RMC to review its decision.

Punjab’s Excise Minister Hafiz Mumtaz claimed that they were taking the public’s outcry seriously. “We are aware that the government’s decision to abolish property tax remittance and the department’s following challans have angered the public,” Mumtaz remarked.

However, because a restructure is in the works, the entire excise department is suffering the consequences of not meeting targets. According to sources, acting Director General (DG) of the Excise Department, Rizwan Akram Sherwani, is likely to be appointed as permanent DG Excise to ensure the timely completion of important projects such as the excise department’s new property tax survey, highway property tax survey, and other technological innovations being implemented by the department such as online registration for tax purposes.

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