On October 10, news sources said that the Punjab Excise, Taxation, and Narcotics Control Department (ETNCD) had decided to send tax notices to people in Punjab who had not paid their property taxes.
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The department will send notices to 50,580 people who haven’t paid their taxes, including people who live in Lahore, the provincial capital. According to the information released by the tax department, the tax notifications are an attempt to get more people to pay taxes and increase tax revenue for the national exchequer. The government will get PKR 7 billion from the project. Most of that money is expected to come from people who haven’t paid their bills for a long time. Here is a breakdown of the total number of people who haven’t paid their property taxes and how much is expected to be collected from them:
- PKR 1,500 property owners in Lahore will have to pay back $2.4 billion.
- Faisalabad will be able to get back PKR 2.5 billion.
- PKR Rawalpindi will help get back $1.8 billion.
The Excise Department has asked the relevant groups to send a full list of people who haven’t paid their property taxes and an explanation of why they haven’t done so by tomorrow, October 12.
It’s important to remember that ETNCD has changed its tax goals for 2022. The department has put together special teams to go after people who don’t pay their property taxes.