LAHORE: On the directives of Chief Minister Punjab Mian Shahbaz Sharif, the Punjab government has decided to notify a separate rate of Capital Value Tax (CVT) @ two percent at the recorded value provided by the Punjab Industrial Estates for transferring and registering of plots in Sundar Industrial Estate (SIE). The decision was taken at a meeting presided over by the senior member Board of Revenue (BoR). The industrialists who completed their projects in Sundar Industrial Estate (SIE) were demanding rationalisation of CVT rates on transferring and registering of industrial plots located inside the Estate. staff report
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