Laws and Taxes

All You Need to Know About the Online Property Tax Challan

Jan 11, 2020

The year 2019 proved to be a tough one for Pakistan. Government reforms resulted in inflation, which in turn adversely affected the purchasing power of the common man. All industries operating in the country were visibly jolted by the stringent taxation policies; and the property market is no different.

The Federal Bureau of Revenue jacked up the taxes on the buying and selling of property in late July. However, on a positive note, the Punjab government, in a breakthrough move, introduced online methods of tax payment. The online property tax challan is as easy as a credit top up or paying utility bills.

Revolutionizing Online Payment Systems in Pakistan

The ePay app is not just limited to paying property tax; it has other avenues as well. The application will not only bring ease and convenience to the taxpayer, but will also ensure transparency and fairness. The application is developed with the collaboration of the Punjab Finance Department and the Punjab Information Technology Board (PITB), as revealed by the Minister of Finance Mr. Makhdoom Jawan Bakhat Hashim.

Being the most populous city of the country, the citizens will be able to fulfil their tax obligations using internet/mobile banking, ATM, and via Over the Counter banking. The mobile application will help in eradicating the age-old tradition of standing in long queues to file tax return.

Moreover, the app will be beneficial in eradicating corruption on part of agents who follow the tradition of accepting bribes from citizens to expedite their process of tax payment. In short, the notion of bribery and corruption is quashed after the introduction of the ePay app. 

Initially, citizens can pay taxes of the Excise, Board of Revenue, PRA, Punjab Land Record Authority, and Industry Department. These taxes include property tax, token tax, motor vehicle registration, transfer of motor vehicle, cotton tax, mutation fee, fard fee, sales and withholding tax on services, e-stamping, Punjab infrastructural development process and business registration fee.


How the App Works

Once the app is downloaded, the users will be prompted to generate a 17-digit PSID number that can be used to pay any form of tax(s) they want. Since the government sponsors the app, it is integrated with the State Bank as well as the commercial banks.

In the future, the app is slated to accommodate multiple other payment gateways as well; including Debit and Credit card, Mobile wallets driving license fee, school fee, route permit, agri income tax; to name a few.

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