Govt To Revise Property Valuation Rates From July 1 Revenue Minister

Posted on 2019/04/30

β€œThe government is taking steps to broaden the tax net and the next year would have focus on fiscal consolidation and stabilization.” --Minister of State for Revenue Hammad Azhar

The revenue minister on April 25th said that the government would revise property valuation rates from July 1.

β€œSoon they would launch a sales tax registration portal to facilitate the business community”, he added.

The minister said that the Federal Board of Revenue faced massive revenue shortfall of Rs238 billion in the previous year. Most of the revenue targets, during the past 10 years, could not be achieved. They were working on the new revenue collection system to meet the assigned targets.

He said that the federal government in collaboration with the provinces would launch a new program for sales tax registration and filing.

pak gov next home revise property valuation rates revenue minister

Leave a Comment:
Search
NEWSLETTER

Make sure to subscribe to our newsletter and be the first to know the news.

Categories
News & Updates Investment Tips Housing Schemes Pakistan Real Estate General