CDA Launches New Property Tax System in Islamabad to Boost Revenue

CDA introduces a new property tax system for Islamabad to increase revenue.Government hospitals and educational institutions are exempt from property tax.The Capital Development Authority has recently implemented a revamped property tax structure across the entire Islamabad Capital Territory with the aim of increasing revenue generation.

Under the updated scheme, employees of private organizations registered with the Employees’ Old-Age Benefits Institution are entitled to a 10% tax concession on their properties, similar to government employees. This concession is applicable to those who clear their dues by September 30 each year. For properties situated in specific areas like Sector E-11, model towns, and PHA Kurri Housing scheme, property tax rates will range from Rs24,000 per year for houses on 140-yard plots to Rs200,000 for 4,000-yard plots. Similarly, in Park Enclave, taxes will range from Rs25,000 for 140-yard houses to Rs227,000 for 2,000-yard properties.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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