E&T Dept to computerise record

LAHORE – The Excise and Taxation (E&T) Department will computerise property tax record and initiate a pilot project in Sialkot district, an official said on Saturday.

He said this project was being launched with the financial and technical assistance of the World Bank. The computerisation of the record would help fix the problems of taxation and ownership, the official said, adding that the programme would also help generate revenue in connection with property tax collection.

But at the same time E&T would have to conduct new tax survey of properties in Punjab which had been pending since 2002. He said the fresh survey had not been allowed by the Punjab government. Another officer said on anonymity said after 2002 prices and value of property was boosted up to alarming level but taxation rates were same like 2002. To avoid general public resentment, the Punjab government is already collecting an amount in property tax that is hardly one-fifth of what it should have been.

A senior officer said the E&T Department was collecting about Rs1.4 billion as property tax from Lahore, though this amount could be increased by at least five times if a general survey was conducted to determine the latest property prices. According to the Punjab Urban Immovable Property Tax Act 1958, the rate of property tax should be determined through a survey to be conducted after every five years.

Source: http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/lahore/14-Oct-2012/e-t-dept-to-computerise-record