Wednesday , January 27 2021
Breaking News
Home / Tag Archives: property tax

Tag Archives: property tax

India’s PMC registers Rs500m record tax collection within 12 days

PUNE: Pune Municipal Corporation (PMC) has registered a record collection of Rs 500 million in property tax in the first 12 days of the new financial year. It’s a record for the start of any financial year so far. Civic officials attribute the success to their initiatives to “connect” better with property owners through email and mobile phones so as ... Read More »

GOP blueprint to provide straightforward shift of nearly $5 billion to slash local tax bills

AMMAN: The sponsor of House Republicans’ counter-proposal to Gov. Tom Wolf’s property-tax relief plan outlined the details Tuesday and said the GOP blueprint would provide a straightforward shift of nearly $5 billion to slash local tax bills. “Taxpayers are tired of the gimmicks. They’re tired of promises from politicians,” Rep. Stan Saylor told the House Finance Committee. Saylor proposes increasing ... Read More »

Faisalabad: Excise collects Rs 700 million as property tax in eight months

FAISALABAD: The Excise and Taxation Department recovered almost Rs 700 million as property tax, and sealed the properties of 2,600 tax defaulters in eight months of the current fiscal year. As per the details, the Punjab Excise director general had assigned the target of Rs 1billion to the Property Tax Branch of the Faisalabad region for this year. To achieve ... Read More »

Punjab Excise collects Rs 5.42 billion property tax in eight months

LAHORE: The Punjab Excise and Taxation Department has collected Rs 5.42 billion under the head of property tax in eight month of the current fiscal year 2014-2015. As per detail, department has achieved 70 percent of set target for current fiscal year in first eight months that is almost 31 percent more than last year’s collections of Rs 4.138 billion. ... Read More »

Excise seals 164 buildings in Rawalpindi over non-payment of property tax

RAWALPINDI: The Excise and Taxation Department has sealed 164 commercial and residential properties during the last two days over non-payment of property tax. According to a spokesman for the Excise and Taxation Department, the city has been divided into four sectors and special squads comprising 23 inspectors under the supervision of Excise and Taxation Officer (ETO) Riaz Qureshi are conducting ... Read More »

Jamaican TA to charge 10% penalty on late payment of 2014/15 property tax from 1March

KINGSTON: Tax Administration Jamaica (TAJ) advised that the 10 per cent penalty is to be applied to late payments for the 2014/15 property tax assessments on March 1, 2015. Property owners who make payments by February 28 will, however, avoid the penalty. The TAJ said it had delayed applying the penalty, which by law could have been charged as of ... Read More »

Punjab Excise collects Rs 5.09 billion property tax up to Jan 31

LAHORE: Excise during the current fiscal year has achieved a big target of revenue collection. The Punjab Excise and Taxation Department has recovered 66 percent of the target in the first seven months of the fiscal year 2014-15, which is 33 percent more than last year’s collection of the same period. The Excise and Taxation Department has recovered Rs 5080.721 ... Read More »

Excise completes computerization of tax record in five districts of Punjab

LAHORE: Excise and Taxation Department Punjab has completed computerization of tax record in five districts of Punjab including Lahore. Punjab Excise started a project of computerization of tax record with the help of Punjab government and World Bank to avoid corruption. Manual and register system were hurdles in making the department corruption free. Due to increase in corruption government decided ... Read More »

Excise is trying its best to chase tax collection targets: Imran Aslam

LAHORE: Additional Secretary Excise and Taxation Department Punjab Imran Aslam revealed that it is too hard to achieve the targets of tax collection in the current fiscal year. Revenue collection targets are not even possible to meet, he said. Talking to Customs today, Imran Aslam said that targets set in the budget of 2014-15 are tough so it is not easy ... Read More »

1,327 property tax defaulters served notices in Multan to recover Rs 92.27 million

MULTAN: Multan Excise and Taxation Department has identified 1,327 property tax defaulters in the different areas of Multan. The Excise and Taxation Department has issued the property tax notices to the owners in the Multan city for the payment of property taxes due on them. Notices have been served from the Multan Excise and Taxation property tax division branch to ... Read More »

Irish Revenue Dept urges defaulters to pay property tax till Jan 7

DUBLIN: People who have not yet paid their local property tax (LPT) for 2015 or signed up to pay via monthly direct debits or employee deductions have been urged to make contact with the Revenue Commissioners before Wednesday’s deadline for payment. The 625,000 homeowners who paid last year’s tax by direct debit or through deductions from their wages do not ... Read More »

Serving inflated tax notices: E&T nails 25 officials for mismanagement

LAHORE: The Punjab Excise and Taxation (E&T) Department has arrested 25 officials on charges of sending inflated property tax notices to the consumers against the policy of the government. The overbilling has been detected in different cities including Lahore, Rawalpindi, Toba Tek Singh, Gujranwala, Sialkot, Gujrat and Sheikhupura and the action has been taken after the chief minister took notice ... Read More »

Mujtaba vows to slap property tax only on well-to-do

  LAHORE: Punjab Excise and Taxation Minister Mujtaba Shujaur Rehman has said that the government has increased tax after 14 years and it would only be imposed on the well-to-do. Talking to party workers at his residence, the minister said that priority was being given to education and health sectors and development budget of current fiscal year would be 17 ... Read More »

Imran doesn’t pay property tax of Zaman Park residence

LAHORE: Pakistan Tehreek-e-Insaf Chairman Imran Khan has not paid the property tax on his Zaman Park residence. Commencing his civil disobedience movement against the Nawaz-led government around two months ago, Imran had refused to pay his electricity bills and other taxes. To record his protest against inflated electricity bills, the PTI supremo had burnt his electricity bills at the Islamabad sit-in ... Read More »

Mujtaba hopes Punjab Revenue Authority would collect Rs 80 billion in FY 2014-15

Punjab Finance, Excise and Taxation minister says they are going to set up an anti-narcotics wing in Excise and Taxation Department after Punjab CM’s approval   LAHORE: Highlighting performance of the Punjab Revenue Authority, Punjab Finance, Excise and Taxation and Parliamentary Affairs Minister Mujtaba Shujaur Rehman on Monday said that the authority had collected Rs 48 billion last year and ... Read More »

‘Property tax not to be revised’

LAHORE: The demands of traders regarding the downward revision of property tax are not reasonable as the increase was made after 14 years, said an Excise and Taxation official. Talking to Customs Today, he said that the department increased the property tax after 14 years only up to 50 percent while it was expected to be raised up to 100-200 ... Read More »

LHC extends luxury tax stay order

LAHORE: The Lahore High Court on Wednesday extended the stay order regarding luxury tax on houses with more than two kanals of land. The LHC again issued a notice to the Punjab government to submit reply regarding application lodged against the imposition of luxury tax. Applicant Zain Shahzad’s lawyers took stance that the Punjab government could not collect dual property taxes. On the other ... Read More »

Issue of wrong property tax: Mujtaba takes action against Excise officials

LAHORE: Punjab Minister for Excise & Taxation Mujtaba Shujaur Rehman has issued directions to the Excise authorities concerned for initiating disciplinary action against the officials who are involved in ‘over-billing’ and harassment of people and warned to send them jail if found guilty. He issued these instructions, while presiding over a high-level meeting to address property tax related issues. MNA ... Read More »

Zardari, Sharifs pay property tax

Lahore Chamber of Commerce and Industries and common people reject increase in property tax   LAHORE: Property tax of PM Nawaz Sharif’s Jati Umrah residence, former president Asif Zardari’s Bilawal House and the Punjab chief minister’s Model Town house has been paid within due date. As per details, Bilawal House has paid Rs 1.14 million, Jati Umrah paid Rs 114,000 ... Read More »

Flaws in property tax system be removed: Shahbaz Shairf

LAHORE: Those who have sent wrong notices of property tax to the citizens will be put behind the bars as harassment and injustice to the people in the name of collecting property tax will not be tolerated. Punjab Chief Minister Shahbaz Sharif said this while presiding over a high-level meeting, which reviewed the matters pertaining to property tax in detail. ... Read More »