K-P govt moves to widen property tax net
Khyber Pakhtunkhwa Amendment of Certain Fiscal Laws Bill, 2021 introduced in assembly
The FBR had launched a campaign to convince 7.4 million people to file tax returns or else it would take them to task. This campaign too did not help. PHOTO: FILE
PESHAWAR:
The Khyber-Pakhtunkhwa government on Monday announced to widen the property tax net by amending certain clauses in the property tax.
This move was part of the newly introduced Khyber-Pakhtunkhwa Amendment of Certain Fiscal Laws Bill, 2021 in the provincial assembly.
According to the bill, all those buildings that are being used by government, semi government, non-governmental organisations, financial institutions, private commercial organisations - local or international brand shops, foodchains, outlets, wedding halls, hotels and restaurants - guest houses, hostels or banks shall now be assessed and taxed under the rates and procedures mentioned in the Khyber-Pakhtunkhwa Finance Act