BAHAWALPUR
The dialogues between the business community and the Excise Department remained unsuccessful, and various business organisations refused to accept the government decision of increasing property tax by 50 percent.
A meeting was held at the secretariat of Rahim Yar Khan Chamber of Commerce and Industry. The businessmen said that they do not welcome the 50% raise in the taxes and refused to accept the decision of the government. “If the government attempts to force these taxes on the people, we are left with no other option than starting a movement against the decision,” they said.
The government of Punjab in the fiscal year of 2014-2015 raised the property tax by 50% as compared to the last year’s and the process of issuing notices to the tax payers according to the new rate is in progress. On the other hand, the business organisations demanded that the government should maintain the previous rate of tax .
To discuss the matter, the meeting was held between Excise Department team led by Excise and Taxation Officer Farhat Mehboob Alam and the business organisations’ representatives. In the meeting, the tax officers made it clear to the tax payers that according to the re-evaluation it was expected that taxes would be raised by 150% in fiscal year 2014-15. However, they added, the government had decided not to raise the tax more than 50 percent to give relief to the tax payers.
However, the other side led by Chaudhry Mehtab Ahmad Cheema and Chaudhry Muhammad Jameel said that the people had already fallen victim to inflation and in the situation, the increase in tax rate was nothing but a brutal decision by the government.