SIALKOT: The Excise and Taxation Department has issued notices to 170 owners of luxury houses in Gujranwala division to recover Rs 70 million as luxury tax.
The Punjab government has recently levied luxury tax under the ratio of Rs 125,000 per kanal as property, including the posh localities of the cantonment boards.
Director Excise and Taxation Ashiq Hussain Shah said that department has evaluated 170 residential houses to recover Rs. 70 million. “Most of the houses are located in the cantonment areas of Sialkot and Gujranwala,” he said, adding that luxury tax needs to be paid once in the life time.
He informed Customs Today that 126 houses were located in Gujranwala district, 27 in Sialkot and 17 in Mandi Bahauddin and Gujrat districts. He said that no taxable house has been found in Narowal and Hafizabad districts.
