According to the official procedure, the valuation table for properties found in different localities across Sindh is issued according to the section 5-A of the Sindh Urban Immovable Property Tax Act, 1958, as cited by the official website of Excise. However, in order to decrease the level of complexity in this concern, the government of Sindh has devised a simple and easily understandable method. Determination of the Annual Value of Property under Section 5-AĪscertaining the annual value of property in Sindh might not be as easy as it sounds.
The rate of tax imposed is based on the type of the property and its estimated annual rent. However, tax rates applied on immovable properties are approved by the higher officials of the federal government and are in accordance with the Sindh Immovable Property Act 1958. Divided into four provinces, Pakistan has authorized each province to devise its own mechanism regarding tax collection for movable and immovable properties. Tax is undoubtedly one of the most important sources of revenue for every country in the world.
