LAHORE: The Punjab Excise and Taxation Department has imposed one-percent penalty property tax defaulters.
The provincial government had offered a five-percent discount on property tax which expired on 30 November.
Notices are being issued now to defaulters with one percent penance. Property would be seized if citizens failed to submit the property tax.
The Excise and Taxation Department has faced a revenue shortfall during the first five months of the current fiscal year 2014-15. The Punjab government offered a five-percent discount to generate revenue by luring the citizens into paying their property tax.
However, the Punjab government failed to collect revenue as the excise department staff went on strike against the government for taking action against officials for sending inflated tax notices to the people.
