Punjab govt plans to impose tax on 5 marla property

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Punjab govt plans to impose tax on 5 marla property

LAHORE: Punjab Revenue Authority and Punjab Excise and Taxation Department have started mutual consultation to impose property tax on five marla houses across the province including Lahore.

It has been reported that during the previous government, former Chief Minister Shahbaz Sharif had abolished property tax on five marla houses.

The decision to re-implement it is now under consideration and in this regard the Punjab government has also decided to revise the Property Tax Act, 1968.

Earlier last week, Punjab Finance Minister Hashim Jawan Bakht had opposed the property tax exemption on five marla houses and said that the property tax exemption should be in line with the value of the property.

This is a developing story so stay tuned to Baaghi TV for more updates!

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