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Land valuations halted after outcry
Summary by The Express Tribune
1 Articles
1 Articles
Land valuations halted after outcry
The Federal Board of Revenue (FBR) on Tuesday suspended the fresh property valuations for the collection of withholding taxes in the Islamabad Capital Territory (ICT) after taxpayers raised a hue and cry over increases of up to 1,250% in valuations, which they said lacked any rational basis. The development comes on the heels of Rs103 billion in income tax collection from the real estate sector during the first five months of the current fiscal …
·Pakistan
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