{"id":80580,"date":"2021-10-13T18:02:51","date_gmt":"2021-10-13T13:02:51","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=80580"},"modified":"2021-10-15T10:24:57","modified_gmt":"2021-10-15T05:24:57","slug":"fbr-value-revised-immovable-properties","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html","title":{"rendered":"FBR prepares for upward revision in valuation of immovable properties"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) decided to upward revise the values of immovable properties so they can be at par with the prevailing market rates, according to media reports.&nbsp;<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-figures-tax-filers-tax-revenue.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR shares latest figures on no. of filers, tax revenue<\/a><\/p>\n\n\n\n<p>According to the details, field formations will be carrying out the revision task, prompted by the instructions of the International Monetary Fund (IMF), that must be completed by the end of this month. It was mentioned that focal persons were appointed to update the values of immovable properties after reviewing the existing Statutory Regulatory Order (SROs).\u00a0<\/p>\n\n\n\n<p>Moreover, the updated valuation data will be shared by field formations for an upward revision in the relevant SROs of different cities. <a href=\"https:\/\/www.zameen.com\/news\/extension-construction-industry-amnesty-scheme.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR<\/a> has also requested the field office to identify areas that were not part of SROs. Moreover, the board has also asked the field formations to highlight any irregularities in the valuation tables.&nbsp;<\/p>\n\n\n\n<p>Furthermore, the rates for the valuation of tables will be revised and the relevant Regional Tax Office will check them for any anomalies left during the process. This revision of valuation tables of immovable properties is to improve revenue from sale\/purchase transactions.&nbsp;<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-issues-notices-tier-1-retailers.html\" target=\"_blank\" rel=\"noreferrer noopener\">POS Registration: FBR issues notices to tier-1 retailers<\/a><\/p>\n\n\n\n<p>Another source reported that FBR\u2019s deadline for submission of revised valuation of immovable properties by all field formations is today (October 13). It was disclosed that the Regional Tax Offices (RTOs) will oversee the task as the individual taxpayers fall under their jurisdiction. FBR asked RTOs to submit a revised valuation of immovable properties by 5 pm today.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) decided to upward revise the values of immovable properties so they can be at par with the prevailing market rates, according to media reports.&nbsp; Read: FBR shares latest figures on no. of filers, tax revenue According to the details, field formations will be carrying out the revision task, prompted by the instructions of the International Monetary Fund (IMF), that must be completed by the end of this month. It was mentioned that focal persons were appointed to update the values of immovable properties after reviewing the existing Statutory Regulatory Order (SROs).\u00a0 Moreover, the updated valuation data will be shared by field formations for an upward revision in the relevant SROs of different cities. FBR has also requested the field office to identify areas that were not part of SROs. Moreover, the board has also asked the field formations to highlight any irregularities in the valuation tables.&nbsp; Furthermore, the rates for the valuation of tables will be revised and the relevant Regional Tax Office will check them for any anomalies left during the process. This revision of valuation tables of immovable properties is to improve revenue from sale\/purchase transactions.&nbsp; Read: POS Registration: FBR issues&hellip;<\/p>\n","protected":false},"author":83,"featured_media":75334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[48913,19230,21797,48914],"persona":[],"class_list":{"0":"post-80580","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-fbr-prepares-for-upward-revision-in-valuation-of-immovable-properties","9":"tag-federal-board-of-revenue-fbr","10":"tag-international-monetary-fund-imf","11":"tag-upward-revise-the-values-of-immovable-properties","12":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR upward revises value of immovable properties- Zameen News<\/title>\n<meta name=\"description\" content=\"The Federal Board of Revenue (FBR) decided to upward revise the values of immovable properties so they can be at par with the prevailing market rates....\" \/>\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\/fbr-value-revised-immovable-properties.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR upward revises value of immovable properties- Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Federal Board of Revenue (FBR) decided to upward revise the values of immovable properties so they can be at par with the prevailing market rates....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-13T13:02:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-15T05:24:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Iqra Masood\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iqra Masood\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR upward revises value of immovable properties- Zameen News","description":"The Federal Board of Revenue (FBR) decided to upward revise the values of immovable properties so they can be at par with the prevailing market rates....","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html","og_locale":"en_US","og_type":"article","og_title":"FBR upward revises value of immovable properties- Zameen News","og_description":"The Federal Board of Revenue (FBR) decided to upward revise the values of immovable properties so they can be at par with the prevailing market rates....","og_url":"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2021-10-13T13:02:51+00:00","article_modified_time":"2021-10-15T05:24:57+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","type":"image\/jpeg"}],"author":"Iqra Masood","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Iqra Masood","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html"},"author":{"name":"Iqra Masood","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/377abfe4dc60870161cf052d458a2925"},"headline":"FBR prepares for upward revision in valuation of immovable properties","datePublished":"2021-10-13T13:02:51+00:00","dateModified":"2021-10-15T05:24:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html"},"wordCount":276,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","keywords":["FBR prepares for upward revision in valuation of immovable properties","Federal Board of Revenue (FBR)","International Monetary Fund (IMF)","upward revise the values of immovable properties"],"articleSection":["New Developments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html","url":"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html","name":"FBR upward revises value of immovable properties- Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","datePublished":"2021-10-13T13:02:51+00:00","dateModified":"2021-10-15T05:24:57+00:00","description":"The Federal Board of Revenue (FBR) decided to upward revise the values of immovable properties so they can be at par with the prevailing market rates....","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/fbr-value-revised-immovable-properties.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"FBR prepares for upward revision in valuation of immovable properties"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/377abfe4dc60870161cf052d458a2925","name":"Iqra Masood","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/istockphoto-917649844-170667a-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/istockphoto-917649844-170667a-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/istockphoto-917649844-170667a-96x96.jpg","caption":"Iqra Masood"},"description":"Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows &amp; movies.","sameAs":["http:\/\/zameen.com"],"url":"https:\/\/www.zameen.com\/news\/author\/iqramasood"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/80580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=80580"}],"version-history":[{"count":2,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/80580\/revisions"}],"predecessor-version":[{"id":80624,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/80580\/revisions\/80624"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/75334"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=80580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=80580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=80580"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=80580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}