Prime Minister Imran Khan has announced a special Construction Industry Package today. The key points of the package are as follows: No question would be asked regarding the source of income source for people who will be investing in real estate until June 20. The government has introduced the fixed tax regime for builders and […]
Construction Industry Package Details & Review Read More »
The FBR, Federal Board of Revenue is all set to update the valuation tables of immovable properties in order to strengthen its revenue from the real estate sale-purchase deals. Credible sources revealed that the expected update in the valuation tables will be an upward revision. For this purpose, all Regional Tax Offices (RTO) other than
FBR To Revise Valuation Tables To Capitalize Revenue Read More »
Despite a lot of protest over budget from the opposition, the Minister of state revenue Hammad Azhar presented the first federal budget in which he discloses various schemes of taxes and their conditions of applicability. From a news source, it is being said that monthly income exceeds PKR 50,000, will bear tax charges. While announcing
Budget 2019-20 – Tax On Monthly Income Over PKR 50,000 Read More »
The PTI government is considering to increase the advance tax on property tradings of non-filers. According to sources, govt is interested in raising the tax to almost 10% in the latest budget for the non-filers of income tax returns. Currently, filers are entitled to pay the rate of one percent. However, for non-filers, the rate
Non-Filers\’ Property Trading – Govt Likely To Impose High Taxes Read More »
The government is planning to decrease the property-tax ratio after they raised the FBR valuations to market rates. The news has been revealed the Federal Minister for Revenue Hammad Azhar. He unveiled this information while addressing media after the launching ceremony of a new website for the Federal Board of Revenue (FBR). He also briefed
Property Tax To Fall As FBR Values To Raise Near Market Rates Read More »
The Anti-corruption Establishment has issued a notification regarding the list of illegal housing societies and schemes in district Malir and East zone. The purpose of the notification is to make the general public aware of these societies. The notification signed by the deputy commission ACE east zone, Mr. Zameer Ahmed Abbasi, informed genuine buyers as well
ACE Issues List Of Illegal Housing Societies OF District Malir, East Zone Read More »
FBR\’s recent decision of valuation of the immovable properties is one of the most talk-about topics in the real estate market at the moment. Some people believe that this latest happening will result as the boom of dropping market while others believe that this decision is likely to further depress the real estate market that
FBR\’s Valuation Of Immovable Property : Good or Bad Move? Read More »
Finance Minister Asad Umar presented the Finance Supplementary Second Amendment Bill, 2019 (also known as the mini-budget) Umar tried to clarify at the beginning of his speech that he is not presenting a mini-budget, in fact, better call it \’a set of economic reforms\’. However, the finance minister didn\’t forget to lash out his opponents
Mini budget 2019: Enabling purchase of immovable property by non residents Pakistanis Read More »
Pakistan\’s newly elected government is the latest contender to face one of the most rooted problems of the country. The problem which is the key hurdle in the path of country\’s development: getting people to start paying income taxes. There is a high chance that IMF will stress on the issue of rampant tax evasion
Pakistan\’s new leadership to tackle old problem Read More »
Amendments proposed on 8th of September was passed by the National Assembly of Pakistan to the Supplementary Finance (Amendment) Bill 2018. The prominent feature of the bill is the proposal of lifting a ban on non-filers who are interested in purchasing property worth more than 5 million PKR. However, many critics declared this step as the
Post Mini Budget : Real Estate and Overseas Pakistanis Read More »
