New property tax with effect from July 2020 in Pakistan

by Azhar on December 24, 2019 | Images Source Social Media

New-Property-Tax-In-Pakistan

Residential areas and commercial areas would be kept separate.

Excise, Taxation & Narcotics Director Muhammad Abdullah Khan said that the new property tax would become effective from July 2020.

Talking to journalists in Multan on Friday, he said a grand survey was underway after five years to add new buildings into the tax net, adding that door-to-door marking would also be made during the survey.

He said that it was also decided during the conference of directors that residential areas and commercial areas would be kept separate.

Read Also: Rs100 Billion Tax-Dodging Uncovered In Four Months

He urged property owners to update their documents and said an awareness drive was also being launched.

He said the professional tax would be made computerized soon, adding that they decided to collect entertainment tax from cinemas again and now the tax would be fixed.

He said that people could contact the excise office to collect number plates of their vehicles and motorcycles.

Source: Khaleej Times



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