Department Of Excise And Taxation To Impose Property Tax On Vacant Plots

Department of Excise and Taxation to impose property tax on vacant plots

LAHORE, (Pakistan Point News – 12th Nov, 2016) : After imposing tax on houses and stores, Department of Excise and Taxation has decided to enforce property tax on vacant plots as well. Department will earn 15 crore from this every year. There are almost 1 lac empty plots in Lahore according to department of excise and Taxation. Property owners will have to pay annually Rs1,500 on five-marla plots, Rs3,100 on 10-marla plots and Rs7,000 on one-kanal plots. It should be noted that tax will be imposed on all the plots of two year older registry.