Lahore: The Punjab government has proposed new reforms in the immovable property taxation system as part of the Punjab Finance Bill 2026-27, aiming to improve transparency, streamline collection, and enhance efficiency in tax administration.
Under the proposed measures, the government has introduced changes to the existing property tax framework, including a shift in the surcharge mechanism on delayed payments. Instead of being applied on a monthly basis, the surcharge will now be levied on a quarterly basis, which officials say is intended to reduce the financial burden on taxpayers while maintaining compliance discipline.
In addition, the bill proposes making electronic payment of urban immovable property tax mandatory across the province. At present, taxpayers can use both manual and electronic channels, but the new system aims to fully transition collections to digital platforms to improve transparency and ease of payment.
Officials said the reforms are part of a broader effort to modernise the provincial tax structure and align it with current administrative and economic requirements. The proposed changes are also expected to improve monitoring and reduce inefficiencies in tax collection processes.
The Punjab Finance Bill 2026-27, which includes these amendments, will be presented before the Punjab Assembly for approval.
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