{"id":52106,"date":"2019-05-15T15:44:15","date_gmt":"2019-05-15T10:44:15","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=52106"},"modified":"2020-07-22T11:56:42","modified_gmt":"2020-07-22T06:56:42","slug":"dc-rates-to-equal-market-value-from-july-1-fbr-chairman","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/dc-rates-to-equal-market-value-from-july-1-fbr-chairman.html","title":{"rendered":"DC rates to equal market value from July 1: FBR Chairman"},"content":{"rendered":"<p>Islamabad: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has announced that the DC valuation of property will be made equivalent to market value from July 1 onwards\u2013a news source reported. He elaborated that the provincial revenue authorities will increase the DC rates to match their market value after the said date.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/blog\/new-dc-rates-for-societies-around-islamabad-airport-their-impact.html\" target=\"_blank\" rel=\"noopener noreferrer\">New DC rates for societies around Islamabad Airport &amp; their impact<\/a><\/p>\n<p>Zaidi recently held a press briefing at the FBR Headquarters to this effect; attended by the Advisor to the Prime Minister on Finance Dr Abdul Hafeez Shaikh.<\/p>\n<p>Speaking on the occasion, Zaidi stated that there are four rates for property valuations applicable in Pakistan, including DC rates and FBR rates. Except for 22 notified cities <a href=\"https:\/\/www.zameen.com\/news\/dc-rate-to-be-applicable-in-areas-without-fbr-rates.html\">where FBR rates apply<\/a>, the DC rate is applicable across the country. This is why they need to be updated.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/sindh-govt-asked-to-increase-property-valuation-rates.html\">Sindh govt asked to increase property valuation rates<\/a><\/p>\n<p>Speaking on the amnesty scheme, he remarked that it differed from previous amnesty schemes in that it aimed to document the economy, and not generate revenue. He also informed about the government\u2019s decision to get the asset declaration laws translated in Urdu, in order to facilitate more people regarding their understanding of them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has announced that the DC valuation of property will be made equivalent to market value from July 1 onwards\u2013a news source reported. He elaborated that the provincial revenue authorities will increase the DC rates to match their market value after the said date. Read:\u00a0New DC rates for societies around Islamabad Airport &amp; their impact Zaidi recently held a press briefing at the FBR Headquarters to this effect; attended by the Advisor to the Prime Minister on Finance Dr Abdul Hafeez Shaikh. Speaking on the occasion, Zaidi stated that there are four rates for property valuations applicable in Pakistan, including DC rates and FBR rates. Except for 22 notified cities where FBR rates apply, the DC rate is applicable across the country. This is why they need to be updated. Read:\u00a0Sindh govt asked to increase property valuation rates Speaking on the amnesty scheme, he remarked that it differed from previous amnesty schemes in that it aimed to document the economy, and not generate revenue. He also informed about the government\u2019s decision to get the asset declaration laws translated in Urdu, in order to facilitate more people regarding their understanding of them.<\/p>\n","protected":false},"author":67,"featured_media":26795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[11643],"persona":[],"class_list":{"0":"post-52106","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-dc-rates-to-equal-market-value-from-july-1-fbr-chairman","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DC rates to equal market value from July 1: FBR Chairman - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has announced that the DC valuation of property will be made equivalent to market value\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/dc-rates-to-equal-market-value-from-july-1-fbr-chairman.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DC rates to equal market value from July 1: FBR Chairman - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has announced that the DC valuation of property will be made equivalent to market value\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/dc-rates-to-equal-market-value-from-july-1-fbr-chairman.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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