February, 2024
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Peshwar High Court Ruling: Section 7E (Property tax) of Income Tax Ordinance Declared Invalid in KPK
In a recent development, the Peshawar High Court (PHC) has made a significant decision regarding Section 7E of the Income Tax Ordinance, 2001, concerning taxes on immovable property. The court has ruled that this section, which imposes taxes through a….
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FBR to Raise Property Rates Aiming Higher Taxes From July 2024
In a significant move aimed at enhancing revenue collection, the Federal Board of Revenue (FBR) has finalized agreements with all provinces as part of the “Pakistan Raises Revenues” initiative regarding the valuation of immovable properties. Under these agreements, revised valuation….
