Excise dept reports more than 50pc shortfall due to property tax evasions - News Summed Up

Excise dept reports more than 50pc shortfall due to property tax evasions


Similarly, no considerable music concerts or entertainment activities have been conducted during the current FY which is why the department is facing shortfall from these sectors. Motor vehicle branch is also facing revenue shortfall due to a decrease in the sale of new cars and motorcycles. Not only this, but they also use tactics to reduce property taxes of commercial plazas and offices.”Sources also revealed that higher-ups of the department have the least concerns for curbing evasions in property taxes. While speaking to Pakistan Today, ET&NC Director Rizwan Sherwani said, “Yes, cases of evasion in property taxes are high. Now, property tax officers are knocking on every door for collections, striving to meet targets and most of the entries have also been corrected,” he assured in conclusion.


Source: Pakistan Today February 03, 2020 15:45 UTC



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