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Increase Registry/Transfer Cost of Land in Lahore up to 20 %,

(65370)
Friday, May 27, 2011 04:35 AM 

Increase Registry/Transfer Cost of Land in Lahore up to 20 %

CS replied on Friday, May 27, 2011 04:54 AM 

Hello,
Can you explain bit more, is this transfer rate or Tax??? I guess Registry is ownership document, is it?
How it will effect to exiting owners.
In Shah Alam, Circular Road and related areas, commercial and few residential property is owned by OKAAF.

CS replied on Friday, May 27, 2011 09:01 AM 

Is this the property price/Rate?
Will anyone explain on this?

Jameel replied on Friday, May 27, 2011 09:05 AM 

so far Govt of Pakistan is imposing fixed tax they have been successful only in that, reason is Corruption in Govt, Tax dept and people of Pakistan,
An example is, Govt of Packston is 100% successful in getting Token Tax or registration fees/Tax etc
But they dont have even 0.0001% success in getting Correct information on voluntary Tax forms. No nation is pious and no one is corrupt. Only system makes them, wrong Tax information is punishable by law in Pakistan, and even more so in other Countries but do we have any examples of punishment?
The Only difference between India and Pakistan is that they strongly implemented tax reforms in Late 80s and now they are getting benefit, and now are considered a respectable nation.
No Govt can run on Grants external and internal loans.
I think Shehbaz sherif is on right path and you will see more direct taxs in coming days in Punjab

CS replied on Friday, May 27, 2011 10:55 AM 

Collecting right tax is not worthwhile until it is not used for national benefits...
Why donot Shahbaz sharif start collecting from his own house?
Mian Nawaz shaeef paid 5,000 Rupee Tax last year.. Though he has bznus of billions rupee, even in his Raiwind palace 1500 people are working.
Check the video blow.
http://www.youtube.com/watch?v=M-pxCk5gvjQ
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