(MENAFN- The Peninsula) The World Bank will assist the Sindh province government in boosting tax revenue through surveys and automated tax procedures.
To begin with, a survey will be carried out in urban areas of the province to bring new property units in the tax net and registering additions in existing units to assess their correct rental value. The survey is part of a multi-million dollar project to be financed by the World Bank.
A meeting of the WB representatives and officials of the Excise and Taxation department was held this week to discuss modalities of the survey of properties.
The meeting was informed that no survey of properties in Karachi and other major interior towns has been carried out since 2001 due to unavoidable circumstances although under the Local Government Act, a survey of residential, commercial and industrial buildings is required after every five years.
Excise and Taxation Secretary Abdul Majid Pathan informed the meeting that the chief minister desired that the survey may be started from Sukkur, a major town of the interior.
The survey of buildings and houses in Sukkur will be followed by enumeration of property units in Larkana and Hyderabad. It will reach its climax when the survey team will start work in the metropolitan city of Karachi.
The survey will be conducted by private consultants to be engaged by the World Bank.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.