property

Punjab expands property tax to include housing societies outside urban areas – Trendy Blogger

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Punjab expands property tax to include housing societies outside urban areas – Trendy Blogger

Islamabad: Punjab has expanded its property tax collection system to include residential communities outside urban centres, marking the first time taxes have been imposed on such areas, according to tax department officials. Under the new framework, residents of government-approved housing societies will be required to pay property tax based on metropolitan rates. The Excise Tax … Read more

Punjab introduces new property tax regime – Trendy Blogger

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Punjab introduces new property tax regime – Trendy Blogger

Lahore: The Punjab government has introduced a new property tax system to simplify processes, eliminate complexities and enhance transparency. According to Minister of Excise, Taxation and Narcotics Control Masoud Mukhtar, the new system has become effective from January 1, 2025, and property taxes will now be determined based on the DC schedule of the respective … Read more

The FBR exempts overseas Pakistanis from high property taxes – Trendy Blogger

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The FBR exempts overseas Pakistanis from high property taxes – Trendy Blogger

The Federal Board of Revenue (FBR) has granted overseas Pakistanis exemptions from high tax rates under Sections 236C and 236K of the Income Tax Act, 2001, even if they are not on the Active Taxpayers List (ATL). As per the latest FBR notification, non-resident Pakistanis holding Pakistani Origin Cards (POC) or National Identity Cards for … Read more