The provincial govt.s are planning to issue notifications for adopting the FBR’s valuation tables applicable to Urban Immovable Property Taxes (UIPTs) to raise the assessment values of immovable properties by up to 85% of the actual market values. The upward revision in the valuation tables was the responsibility of the provincial Excise and Taxation Departments and the provincial Finance Departments. It is expected that the provincial govt.s will implement the decision by end-Apr’21.
18/9/2020