Taxes On Property, Other Items Increased In KP Budget.

Peshawar -- Khyber Pakhtunkhwa government has removed property tax exemption from five Marla houses to three Marla houses as per the budget for the year 2022-23.

As per the finance bill, the buildings of provincial and federal government departments would be exempted from tax but those government buildings that may have been given on lease or rented out would be taxed based on the annual rents they generate.

The A-grade houses measuring more than 3 Marlas and less than 5 Marlas in the provincial headquarter will be taxed up to Rs1,500 annually, while the same houses in grade B will be taxed Rs1,300, and grade C houses will be levied with a property tax of Rs1,100.

In the divisional headquarter, houses measuring more than 3 Marlas and less than 5 Marlas in urban areas will be taxed around Rs1300 while houses in other areas will be taxed around Rs800. The similar houses in the district headquarters will be taxed around Rs600 and houses in areas adjacent to the district headquarters will be taxed around Rs400.

In the provincial headquarters, the A-grade houses measuring more than 5 Marlas and less than 10 Marlas will be taxed Rs2,500, the B-grade houses will be taxed Rs2,400 and C-grade houses will be levied with a property tax of Rs2,200. The similar houses in the divisional headquarters will be taxed Rs2,400 and in other areas, the tax would be Rs,1400. The same-area houses in district headquarters would be taxed Rs1,200...