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October 28, 2024

Crackdown begins on owners of luxury houses to recover unpaid tax

One-time luxury tax applies to homes built after 2000 with a minimum of two kanals or 6,000 square feet of construction 

Monitoring Report

Monitoring Report

October 28, 2024

Crackdown begins on owners of luxury houses to recover unpaid tax

The Excise and Taxation Department has launched a crackdown on owners of two-kanal and larger luxury houses in Rawalpindi Division, including cantonment areas, who have repeatedly defaulted on taxes.

The one-time luxury tax, imposed under the Punjab Finance Act of 2014, applies to homes built after 2000 with a minimum of two kanals or 6,000 square feet of construction. 

According to Rawalpindi Division Director of Excise and Taxation, Imran Aslam, 95% of luxury homeowners have already settled their dues, but enforcement measures will be taken against the remaining 5% who continue to evade payment.

In total, 175 high-value properties in the division are subject to this tax. The department has compiled a list of these defaulters, who have so far refused to provide necessary details to the authorities.

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