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TAXATION
FBR’s Revised Property Valuation 2022 Expected to Re-Notify on 1 March

FBR’s Revised Property Valuation 2022 Expected to Re-Notify on 1 March

The Federal Board of Revenue (FBR) previously through office memorandum had already decided in February 2022 to re-notify new rates of immovable property valuation on March 1st, 2022. Pursuant to Statutory Regulatory Orders (SRO) No 1534(1)/ 2021 and 1572(1)/2021,…

TAXATION
FBR’s Revised Property Valuation 2022 to Re-Notify on 1 March

FBR’s Revised Property Valuation 2022 to Re-Notify on 1 March

The Federal Board of Revenue (FBR) has decided to re-notify new rates of immovable property valuation on March 1st, 2022. Pursuant to Statutory Regulatory Orders (SRO) No 1534(1)/ 2021 and 1572(1)/2021, a special order of…

MARKETS
FBR Property Valuation 2022

FBR Property Valuation 2022

The Federal Board of Revenue (FBR) has extended the deadline for implementing the revised FBR Property valuation rates 2022 of properties in 40 major urban cities by holding its notification in abeyance till January 31,…

UPDATES
FBR’s Revised Valuation Rates of Immovable Properties suspended again

FBR’s Revised Valuation Rates of Immovable Properties suspended again

The Federal Board of Revenue (FBR) on Tuesday suspended again the new revised property valuation rates notified through SROs No 1534(1)/2021 to 1572(1)/2021 dated December 1, 2021 up to January 31, 2022. The new valuation…

UPDATES
FBR Engaged Experts of SBP to bring FBR property value rates near market price

FBR Engaged Experts of SBP to bring FBR property value rates near market price

The FBR has decided to engage top property valuation experts of State Bank of Pakistan (SBP) for making consultations with stakeholders concerned and recommend changes in recently notified valuation rates of immovable property rates in…

TAXATION
Senate recommends FBR to cancel recently revised property valuation rates

Senate recommends FBR to cancel recently revised property valuation rates

The Senate Standing Committee on Finance, Revenue, and Economic Affairs has recommended the Federal Board of Revenue (FBR) to revoke the recently issued SRO with regard to the revised valuation of immovable properties for 40…

TAXATION
FBR Revised Rates of residential and commercial Immovable Properties

FBR Revised Rates of residential and commercial Immovable Properties

To fix fair market value of immovable properties, the Federal Board of Revenue (FBR), on Wednesday, revised Rates of residential and commercial Immovable Properties located in 40 major cities across the country. In this connection,…

Businesses
Excise & Taxation department warned defaulters to pay property and professional taxes

Excise & Taxation department warned defaulters to pay property and professional taxes

Excise & Taxation department has warned defaulters of property and professional taxes to deposit their due taxes immediately to avoid any strict action. This warning was given by the provincial excise minister Mukesh Chawala while…

UPDATES
ePay Punjab completes Half century of 50 Billion plus Revenue collections

ePay Punjab completes Half century of 50 Billion plus Revenue collections

Through the online payment solution e-Pay Punjab, the Punjab Finance Department has collected Rs 50 billion as tax revenue against over 10 million transactions to date. This was informed during a progress review meeting which…