6

ACT V OF 2019 ACT V OF 2019 BALOCHISTAN FINANCE ACT, 2019 An Act to continue and revise certain taxes and fees in the Province of Balochistan [Gazette of Balochistan Extraordinary, 25th July, 2019] No. PAB/Legis; V (11)/2019/6035, dated 25.7.2019.---The Balochistan Finance Bill No. 11 of 2019 having been passed by the Provincial Assembly of Balochistan on 27th June ,2019 and assented to by the Governor Balochistan, on 23rd July, 2019 is hereby published as an Act of the Balochistan Provincial Assembly. Preamble.---Whereas it is expedient to continue and revise certain taxes and fees in the Province of Balochistan and for the matters connected therewith or ancillary thereto; It is hereby enacted as follows: - 6. Amendment in West Pakistan Act No. V of 1958.---In the Balochistan Urban Immovable Property Tax Act, 1958 (Act No V of 1958), - (1) in section 2, after clause (a), the following new clause (aa) shall be inserted, namely: - "(aa) "building and lands" means and include vacant plots or a parcel or portion thereof having fixed boundaries intended for specific purpose including residential, commercial or industrial use;" (2) in section 3, after subsection (3), the following new subsection (4) shall be inserted, namely: - "(4) A rebate equal to five per cent of the amount of annual tax for a financial year will be given if the amount of annual tax is paid in lump sum on or before the 30th day of September of the financial year or such later date as the Government may, by notification, determine. Similarly, a rebate equal to five per cent of the amount of annual tax, of the building portion only, for a financial year will be given for the wear and tear of the building.". (3) in section 4, in clause (c), for the words "one thousand two hundred" the words "fifty thousand" shall be substituted. (4) in section 4, in clause (d), after the word "libraries", the words "owned by the Government or by a body owned or controlled by the Government" shall be inserted. (5) in section 4, in clause (g), for the words "two thousand", the words "two hundred forty-five thousand" shall be substituted. (6) in section 4, in clause (g), after the word "widows", a comma and the words ", disabled persons, retired employees of BPS 1 to 15 of Federal, Provincial and Local Government" shall be inserted. (7) in heading of section 7, for the word "operation", the word "operating" shall be substituted.