Search results for: property-tax

Its a Win-Win Notification for stake holders and FBR: says Haroon Akhtar

Prime minister’s Revenue consultant Mr. Haroon Akhtar told media Tuesday, that business worth more than 4 Trillion Rupees is under tax net now. Only 8 Billion was added in national treasures by immovable property transactions in 2015-2016 fiscal year. Now with the consent of realtors, developers and builders we have formed a Win-Win Notification, resulting

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.