Property Survey Underway in Rawalpindi to Broaden Tax Net
Earlier reports indicated that the Punjab Excise, Taxation, and Narcotics Control (ET&N) Department had initiated a property survey in the Rawalpindi division in an effort to expand the tax net.
The survey is being done in 19 union councils to document new and historic residential and commercial structures.
Specialized teams have been formed under the direction of local excise inspectors to document and record newly constructed dwelling units, municipal corporation buildings, and commercial properties.
Beginning in January 2022, all business activities conducted in residential premises, including beauty salons, department stores, tuition centers, and small businesses, will be categorized as commercial and subject to additional taxes.
In addition to warehouses, mini-factories, stores, tailor shops, confectioneries, production units, small and large shops, and other commercial establishments, the survey will document warehouses, mini-factories, stores, tailor shops, confectioneries, and production units.
According to sources, the agency intends to tax 5-marla residences with a rented first or second floor that were previously exempt. The completion of the survey by the end of December is anticipated to increase tax collection by 35 percent.
For more updates, stay tuned to Al Sadat Marketing News!
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005