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2016 July - Zameen News - Page 3

Archive for July, 2016

  • July 12, 2016 • news

    Many estate agents and real estate analysts anticipated a slower second half of the year, depending on how the Budget 2016-17 treated the real estate sector. However, I doubt whether anyone predicted that this much of the budget would be dedicated to imposing

  • July 12, 2016 • news

    Karachi: The State Bank of Pakistan (SBP) has issued a list of property valuators according to the sub-section (4) of Section 68 of the Income Tax Ordinance 2001 for the assessment of property value. The property valuators are responsible for measuring the

  • July 11, 2016 • news

    Lahore: The Excise and Taxation Department will issue property tax notices with a 10% increase in property tax to owners of houses, shops, and other types of property, according to a news source. Reportedly, arrangements have been made to collect the

  • July 11, 2016 • news

    It is generally believed among real estate investors that dealing in property files could be a way to avoid the new taxes imposed by the government in the Budget 2016-17. This could be true as a number of new taxes in an increased ratio are now applicable

  • July 11, 2016 • news

    During the past two decades, particularly in the years 2000 and 2008, many new investment opportunities were accorded to investors and overseas Pakistanis, which consequently brought capital in the country. The inflow of money noticeably enhanced the

  • July 4, 2016 • news

    Islamabad: The Federal Board of Revenue (FBR) will set up rules to evaluate real estate after Eid-ul-Fitr. The new rules will be a part of Income Tax Rule Ordinance 2002, per a news source. All recommendations will be shared with concerned public departments,

  • July 2, 2016 • news

    Lahore: Excise and Taxation Department has imposed a tax on the owners of empty plots at 10% of the value of property in the area their plot is located in if they have owned the plot for two or more years, according to a news source. Reportedly, lists are

  • July 1, 2016 • news

    If you thought property purchased or sold only after July 1, 2016 would be evaluated per the new mechanism and be taxed accordingly, you have been wrong! Federal Board of Revenue (FBR) has released further details on New Property Evaluation Mechanism, which

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