Property Tax is levied and collection under Sindh Urban Immovable Property Tax Act, 1958.
A uniform rate of tax is levied on all categories of properties @ 25% of annual rental value (ARV).w.e.from
Brief of Property Tax:
framed there under. The Property Tax is levied under Section 3 of the above said Act, by estimating gross
annual rent, which is determined under Section 5 of the Act.
(b) To ascertain the Annual Value of property unit the Government of Sindh has rationalized and simplified
the system by notifying a valuation table for different localities under Section 5-A of the Sindh Urban
immovable Property Tax Act, 1958. For this purpose all the Cities (notified as rating areas) of the Province
of Sindh have been divided into five Groups and these groups are further bifurcated into four zones according
Property Tax Schedules of Different Cities:-
April 10, 2014 Daily Times KARACHI: Sindh Excise and Taxation Department (E&TD) collected more than Rs 23.017 billion in taxes by February 2014, showing an increase of Rs 3.965 billion as compared to Rs 19.052 billion collected during the corresponding period of last year. According to a document available with the PPI news agency, all the seven different taxes collected by the (E&TD) sowed growth until February 2014 as compared to the collections during the same period of last fiscal year. The E&TD collected Rs 2,649.079 million in terms of motor vehicle tax until February, showing an increase of Rs 389.885 million.The collection during the same period of last fiscal year stood at Rs 2,259.194 million. Similarly, an amount of Rs 2,240.695 million was collected through excise tax as compared to Rs 1,860.552 million in the similar period of last fiscal year, showing an increase of Rs 380.143 million. The infrastructure cess collection recorded a boost of Rs 2,877.303 million as Rs 16,359.736 million was collected until February of this fiscal year (2013-14) compared to Rs 13,482.433 million in the similar period of 2012-2013. Moreover, the E&TD collected an amount of Rs 136.825 million until February in terms of cotton fee as compared to Rs 122.876 million last year, showing an increase of Rs 13.949 million. The collection of property tax until February of the current fiscal year made a reasonable growth of Rs 279.800 million at Rs 1,405.653 million against Rs 1,125.853 million c ollected in the same period last year. Professional tax collection also made a modest rise of Rs 20.726 million at Rs 202.377 million until February as compared to Rs 181.651 million collected in the corresponding period last year. The entertainment duty collected during the current fiscal year showed a slightest increase of Rs 3.292 million at Rs 23.040 million as compared to Rs 19.748 million of the last year. Talking to PPI, Excise and Taxation Director Shoaib Siddiqui said that the rise in revenue collection was due to efforts of the people in the department, and that they were hopeful that the revenue target set by the government for the fiscal year would be achieved. He said that the majority of revenue collection made by his department came from motor vehicle tax and infrastructure cess, while the recovery of both the taxes stood at 100 percent. ...
Monday, 14 April 2014READMORE
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