Peshawar: The Khyber Pakhtunkhwa (KP)Local Government (LG) has requested PKR 4.8 billion from the provincial government after it advised Tehsil Municipal Administrations (TMAs) to waive property taxes in the new fiscal year, news sources reported.
Read:Planning work begins for Peshawar’s Gandhara Valley City As per the details shared, the KP government has advised TMAs to not collect the property tax in the fiscal year 2021-22, subjected to the opinion of local government in this regard. It has been also reported that PKR 4 billion has been offered to TMAs as compensation for non-collection of property tax in fiscal year (FY 2020-21) based on data collected in the previous fiscal year, however, the department now seeks 20% increase in funds for offering the same relaxation in FY 2021-22. Previously, the KP government waived property taxes till June 30 in the view of prevailing coronavirus pandemic, which led to revenue shrinking for TMAs.
Read:Peshawar Ring Road to feature city’s largest amusement park The local council board revleated that KP government had committed a grant of PKR 4 billion for TMAs in exchange for waiving 2% ptopery taxes, however, due to delays in funds transfers, the TMAs had trouble paying the employees’ salaries.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
