Author: George Psyllides YEARS of omissions and delays have forced the government to submit provisional immovable property tax legislation (IPT) in a bid to meet immediate bailout conditions, but which will have to be amended by the end of June to make it fairer, spokesman Christos Stylianides said yesterday.
What does IPT stand for?
IPT stands for Immovable Property Tax
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Samples in periodicals archive:
000, the freezing of the Cost-of-Living-Allowance, VAT increase to 18% and the introduction of immovable property tax.
PESHAWAR, April 30, 2011 (Balochistan Times): The Khyber Pakhtunkhwa Urban Immovable Property Tax (Amendment) Bill, 2011 was Friday presented in the provincial assembly to extend the exemption of the industrial units from property tax for a period of one year.
871 million was found due to non/short realization of property tax, which was to be recovered as arrears of land revenue under section 16 of the KP Urban Immovable Property Tax Act, 1958.
Depending on the circumstances, certain local taxes may apply: immovable property tax, inheritance tax, donation tax and vehicle tax.
Crucially, a new law on Immovable Property Tax (IPT) needs to be brought to parliament and passed as soon as possible.
The meeting thoroughly discussed recovery targets of all the 24 districts and reviewed urban immovable property tax, registration fee, token tax, excise duty, profession tax and tobacco cess.
Author: IT SEEMS there cannot be an immovable property tax (IPT) that would satisfy everyone.