KARACHI: With the aim to generate more revenue from property sector, the Sindh government is going to start a survey based on Geographic Information Systems (GIS) to determine property values across the province.
The provincial government signed an agreement with a third party to launch the survey in Sukkur from April 1 as the pilot project in the first week of April, said Sindh Excise and Taxation Department Director General Shoaib Siddiqui on the sidelines of a seminar on tax reforms in Sindh, organised by the Sustainable Development Policy Institute (SDPI)
He said this would be a model survey and complete in a year and later, the same would be extended across Sindh. He added that GIS-based survey would take at least three years for completion. He said the E&T Department presently collected only Rs 1.5 billion on account of property tax and after the GIS-based survey in Sindh, the revenue collection would likely to be increased by 300 percent.
In August last year, the Federal Board of Revenue (FBR) issued property valuation tables for major cities of the country to revise the calculation of capital gains tax on properties.
Meanwhile, Sindh Excise and Taxation is planning to devolve motor vehicle registration to car dealers by next fiscal year. Shoaib Siddiqui said that the department had decided to devolve motor vehicle registration to car dealers and for this purpose, a summary would be moved to the Chief Minister for approval and hoped the work would be transferred to car dealers by next fiscal year.
