FBR revises valuation of immovable properties

ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued revised valuation of immovable properties located in various cities including Karachi, Lahore and Islamabad.
The FBR issued the new property valuations to amend the previously valuation rates issued on August 02, 2016.
The revised valuations have been issued in order to generate additional revenue for the current fiscal year.
The revised valuations of immovable properties would attract withholding tax at the time of sale/purchase.

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