Written by Faisal Shahnawaz in Taxation MCI revises rebate period after billing system upgrade, with 5% early-payment relief available from bill issuance ISLAMABAD: The Metropolitan Corporation Islamabad (MCI) is set to issue property tax bills for financial year 2026-27 within 10 working days following the completion of an upgrade to its billing system, the Directorate of Revenue said on Monday. The upgraded system will cover property tax billing for residential, commercial, industrial and institutional properties, according to the directorate. The development is expected to facilitate property tax collection for the new financial year while improving the efficiency of the billing process. Rebate period revised after billing delay The MCI has revised the property tax rebate period for taxpayers following delays caused by the billing system upgrade. Under the revised arrangement, the rebate period will be calculated from the date the property tax bill is issued, rather than from an earlier date. The additional 5% rebate for early payment will remain available from the date of bill issuance until the…