Search results for: amnesty-scheme

Property tax negotiations saved from being driven into a deadlock

According to the news, a session was carried out yesterday after the Jummah prayer, between Government Officials and Realtors in which 3 big cities property tax dispute is said to be near to a solution. Rates will solely depend on the area and location of property, fair market rates would be as low as 35%

An amnesty scheme will be introduced for property tax calculations

As a result of ongoing talks between Government Officials and Real estate agents & Developers, it has been mutually decided to fix fair market rate for 18 big cities under the DC rate, in a meeting held Thursday. Government amended the decision of property valuation by state bank’s experts and DC rate will be reconsidered.