Islamabad: Punjab has expanded its property tax collection system to include residential communities outside urban centres, marking the first time taxes have been imposed on such areas, according to tax department officials.
Under the new framework, residents of government-approved housing societies will be required to pay property tax based on metropolitan rates. The Excise Tax Officer (ETO) will be responsible for evaluating and determining tax liabilities.
Currently, nearly 2.5 million property owners in Punjab are subject to the tax. The inclusion of housing associations outside the city limits is expected to significantly increase regional tax revenues.
Tax officials also confirmed that after Cabinet approval, a summary will be submitted to the government this week for final approval.