Shabbar Zaidi—the FBR chairperson gave clarification on Tuesday that an income tax return identification is not needed at any airport for the citizens of Pakistan traveling abroad.
The Pakistani nationals are not bound to display a copy of their income tax returns at the airport, the FBR chairperson said. He also added that all the assumptions in this matter are without any basis.
He informed that the new rates for the immovable properties of various cities would be announced at the end of this week.
He gave confirmation that they would be launching the revised rates by this weekend.
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Dr. Hamid Ateeq Sarwar the member FBR said that the FBR is making negotiations with the concerned stakeholders on the matter of the new property rates.
The suggested valuation tables for the immovable properties of the different cities were uploaded on the website of FBR on the 21st of June for views and comments, as per the information provided by FBR in a statement.
It also added that the aforementioned tables are in the process of finalization. It has been observed that confusion is present with respect to the prevalence of FBR’s valuation rates for the immovable property.
As per the FBR, until the official notification of the new rates is issued, the present rates mentioned on the 1st of February would be applicable for conducting the purpose of the Income Tax Ordinance, 2001.
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