Director General Excise & Taxation Muhammad Ali, giving more details, said that the new survey was planned to be conducted from July to December this year, while the assessment of property tax based on the current survey has been extended till December 31, 2023. He expressed hoped that from January 1, 2024, property tax would be assessed according to the new survey. Earlier, the survey of immoveable properties for property tax was conducted in 2014. "Among other amendments, the registration fee for 1501 to 2000cc vehicles has been reduced from 3% to 2%." DG Excise further said that the government has extended the 95% tax exemption for electric vehicles till 2025, while the token tax on seven-seater vehicles would be charged according to their engine capacity, which was earlier charged on the fix Rs. 2500. The cabinet has also given permission to revise the rate of transfer fee for vehicles after 2004. Through another amendment, the cabinet has approved to increase the vend fee of alcohol from Rs 1,600 to Rs 2,500 and the beer from Rs 85 to Rs 300 per litre. Similarly, the LPG levied on the manufacture of beer has been increased from Rs 12 to Rs 25 per liter and after a gap of 18 years, the fee levied on the manufacture of alcoholic products and its raw materials has been increased from Rs 600 to Rs 1200.
The Punjab government has approved several amendments in the property tax and motor vehicle tax rates across the province. According to the details, the Punjab caretaker Cabinet has approved these proposals sent by the Secretary Excise, Taxation and Narcotics Control Department in the recent meeting. According to the details, the Cabinet has accorded permission to the department to conduct a fresh survey for assessment of property tax in Punjab.