Lahore: The excise department has advertised a scheme under which defaulters can avail a 5% concession on property tax, a news source reported. The department has also announced the issuance of PT-10 challan.
The defaulters have been asked to file their property tax returns by December 31. Those adhering to the deadline would be able to get 5% of their property tax waived.
According to the announcement, the returns can be submitted in any district branch of the National Bank of Pakistan (NBP) or State Bank.
Citizens have also been asked to report to the concerned office of the Excise, Taxation and Narcotics Control Department or any facilitation centre in case of non-availability of PT-10.
The excise department, in collaboration with the National Bank, is already working on an E-Reporting System to make the property taxation system transparent.
The system will allow monitoring of excise officers and it will keep citizens up-to-date on their tax challan. The system will also give updates on the money collected in terms of property tax on a daily basis.
