Government of the Punjab Property Tax Decentralisation Program : Scope Evaluation Report
Property taxation has a long tradition in Pakistan but the Urban Immovable Property Tax (UIPT) provides for only a small amount of revenues because of unclear local government fiscal incentives, an unreliable information base, a low level of motiva...
Main Author: | |
---|---|
Format: | Other Financial Sector Study |
Language: | English en_US |
Published: |
Washington, DC
2013
|
Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2009/04/16242876/government-punjab-property-tax-decentralisation-program-scope-evaluation-report http://hdl.handle.net/10986/12378 |
Summary: | Property taxation has a long tradition
in Pakistan but the Urban Immovable Property Tax (UIPT)
provides for only a small amount of revenues because of
unclear local government fiscal incentives, an unreliable
information base, a low level of motivation, expertise, and
insufficient capacity in the UIPT administration. However,
the Government of Punjab (GoPunjab) is committed to a
fundamental restructuring of the UIPT system. Following a
number of World Bank reports a new Punjab Immovable Property
Tax Law (PIPT) was drafted in May 2008 and the Bank
appointed the Institute of Revenues Rating and Valuation
(IRRV) to assess the needs and resources required for, and
designing of, a blue print for structural reform and
implementation of a property tax decentralization program.
The terms of reference require that the Institute shall
approach the Punjab property tax system from a broad
perspective and take into account the present legal,
regulatory, institutional framework, present practices,
capacities, circumstances; but build the foundation of the
new system in line with the substantial policy reforms
contained in the key policy documents adopted by the
GoPunjab in 2007-2008. |
---|