Lahore: The Excise, Taxation & Narcotics Control Department Punjab on Thursday (September 30) terminated the 5% rebate on property tax submission, news sources reported.
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The rebate programme has reached its deadline on September 30 and from now on, the discount of 10% on paying the tax by e-pay (e-Pay Punjab) method is also slashed to 5%. From October 1, property owners who have not submitted their taxes will have to pay full tax, with only a 5% discount on the payment of tax through e-payment methods.
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Reportedly, the incentive was introduced earlier this month and the defaulters were warned of legal consequences if they failed to pay taxes on time.