2019 was proved to be a tough year especially for Pakistan, Govt reforms resulted in inflation, which in turn skeptically affected the purchasing power of the simple individual.
Every industry operating in the country was visibly jolted by the stringent taxation policies and the property market is no different.
In July the FBR (Federal Board of Revenue) jacked up the taxes on the selling or buying of property.
Although, the government of Punjab in a Breakthrough moves, they have recently introduced online methods of Tax payment of the property.
The online methods of online property tax Challan are quite easy as a credit top-up or paying utility bills.
Revolutionizing Online Payment Systems in Pakistan
The application Epay is not just limited to paying property tax, the app has many more avenues as well.
The app will not only bring ease and accessibility to the taxpayer of the property but will ensure as well as transparency and fairness.
The app was developed by the collaboration of the Punjab finance department and PITB (Punjab Information Technology Board) as revealed by the Minister of Finance Mr. Makhdoom Jawan Bakhat Hashim.
Being the most beautiful city of Pakistan, every individual will be able to fulfill his or her tax obligations while using their Smartphone Banking, ATM, and many other counter banking.
The app will help every individual of Pakistan in eradicating the age-old tradition of standing in long queues to file a tax return.
Furthermore, This app is beneficial in eradicating corruption on part of agents who follow the tradition of accepting bribes from citizens to expedite his or her process of tax payment.
After introducing the App ePay in short the notion of bribery and corruption is finished from roots.
Originally, every individual of Pakistan can pay taxes of the excise, PRA, Board of Revenue, Industry Department, and Punjab Land Record Authority.
These taxes include Property tax, Motor vehicle registration, Transfer of Mother Vehicle, Token Tax, Cotton Tax, Fard Fee, Mutation Fee, etc.