{"id":9900,"date":"2014-10-17T16:59:19","date_gmt":"2014-10-17T11:59:19","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=9900"},"modified":"2017-12-11T12:31:59","modified_gmt":"2017-12-11T07:31:59","slug":"property-taxpayers-attention-please","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/property-taxpayers-attention-please.html","title":{"rendered":"Property Taxpayers, attention please!"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2014\/10\/tax.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9905\" src=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2014\/10\/tax.jpg\" alt=\"tax\" width=\"652\" height=\"350\" srcset=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2014\/10\/tax.jpg 652w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2014\/10\/tax-300x161.jpg 300w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2014\/10\/tax-537x288.jpg 537w\" sizes=\"auto, (max-width: 652px) 100vw, 652px\" \/><\/a><\/p>\n<p>The increased property tax has disappointed property investors and buyers throughout the country. They find these heavy taxes on the real estate sector of Pakistan unjustified and consider it a Government\u2019s move to discourage them from investing in the property market.<\/p>\n<p>A rise of more than hundred percent on property transfer fee, Stamp Duty, Gain Tax and CVT and DC rates has kept a lot people from investing in the market right now. While there are some people who would like to associate this reduced activity in the property market with the prevailing unstable political condition of the country, the fact remains that the increased taxes have played a major role here.<\/p>\n<p>If we look at the way property sector operates in Pakistan, we would all agree that the industry is still to mature, where, despite the online fund transfer facility and availability of efficient database management solutions, property buyers are still at the mercy of <em>patwaris <\/em>and land mafia. The tall claims and big promises of rescuing the real estate market of Pakistan from the shackles of <em>patwari<\/em> mafia turned out to be nothing but a part of politicians\u2019 election campaigns.<\/p>\n<p>As of yet, nothing concrete has been done in this regard. To trick people, these <em>patwaris<\/em> are instead given some fancy names as well as a promotion in their ranks. Is that going to make these <em>patwaris<\/em> respectable? Will that actually help anyone? The answers to these questions are not hard to gauge.<\/p>\n<p>On October 17, 2014, the Excise and Taxation Department of Punjab advertised in the local newspapers that the proposed 150% rise in the property tax has been reduced to 50%. According to this advertisement, this step has been taken to facilitate the property investors. The Government of Punjab has informed the property taxpayers to not pay anymore amount than 50% rise levied on the existing property tax, except for the properties that have been restructured or those put to a different use.<\/p>\n<p>The Government of Punjab has found out that some officials are sending bills of property taxes with more than 50% of the prescribed tax rise. If you too have been one of the victims of the mafia that has corrupted the property and taxation department of Pakistan, you should call on <strong>0800-02345<\/strong> and register your complain. The number is active daily between 8:00 am to 8:00 pm.<\/p>\n<p>This ad claims that your complain will be addressed and necessary action will be taken against the concerned officials. You should register your complain on this number and also share your experience with us by commenting on this article.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The increased property tax has disappointed property investors and buyers throughout the country. They find these heavy taxes on the real estate sector of Pakistan unjustified and consider it a Government\u2019s move to discourage them from investing in the property market. A rise of more than hundred percent on property transfer fee, Stamp Duty, Gain Tax and CVT and DC rates has kept a lot people from investing in the market right now. While there are some people who would like to associate this reduced activity in the property market with the prevailing unstable political condition of the country, the fact remains that the increased taxes have played a major role here. If we look at the way property sector operates in Pakistan, we would all agree that the industry is still to mature, where, despite the online fund transfer facility and availability of efficient database management solutions, property buyers are still at the mercy of patwaris and land mafia. The tall claims and big promises of rescuing the real estate market of Pakistan from the shackles of patwari mafia turned out to be nothing but a part of politicians\u2019 election campaigns. As of yet, nothing concrete has been done&hellip;<\/p>\n","protected":false},"author":18,"featured_media":9905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[571,570,569],"persona":[],"class_list":{"0":"post-9900","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-info-on-new-property-tax","8":"tag-new-property-tax-rate-pakistan","9":"tag-property-tax-rates"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Property Taxpayers, attention please! - Zameen News<\/title>\n<meta name=\"description\" content=\"The increased property tax has disappointed property investors and buyers throughout the country. 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