Pakistan

Property tax enhanced, expanded to entire Islamabad

Authority to give 10% concession on tax to workers registered with EOBI

Our Correspondent
March 16, 2024
A view of Faisal Mosque during rain in the Federal Capital Territory on March 13, 2024. —Online
A view of Faisal Mosque during rain in the Federal Capital Territory on March 13, 2024. —Online


ISLAMABAD: The property tax in Islamabad has been jacked up and expanded to the entire city by the Capital Development Authority (CDA) in a bid to boost revenue collection, The News reported Saturday.

Earlier, the development authority was collecting property tax only in some sectors and a flat property tax rate has been introduced for the first time.

The CDA will give 10% concession on tax to the workers of private and government enterprises registered with the Employees’ Old-Age Benefits Institute and the same relief would be provided on arrears paid by September 30 each year.

The authority has exempted the public hospital, educational institutions, libraries and government organisations, but semi-government organisations would have to pay the property tax.

Tax criteria

140 square yard houses of model towns and PHA Kurri Housing scheme in Sector E-11 would have to pay Rs24,000 tax annually, whereas Rs200,000 tax would have to be given by owners of 4,000 square yard houses there.

Likewise, owners of the 140-yard houses would have to give Rs25,000 tax to the civic body and the tax on the 2000 square yard houses in Park Enclave would increase to Rs227,000 a year.

Rs27,000 tax would have to be paid on five marla and Rs298,000 on six kanal houses annually to the authority in DHA, Bahria Town and Bahria Enclave.

For homes in Gulberg and Naval Anchorage, the lowest and maximum taxes will be Rs20,000 and Rs170,000, respectively.

Moreover, the property tax for the D series would be between Rs27,000 and Rs246,000; for the G series, it would be between Rs28,000 and Rs249,000; for the F series, it would be between Rs35,000 and Rs1.2 million; and for the I series, it would be between Rs25,000 and Rs271,000 at the maximum.


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