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Favorable Reforms in Construction Industry

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Favorable Reforms in Construction Industry | Ensuring Livelihood for laborers – Opportunities for Investors | Revenue Division Federal Board of Revenue Government of Pakistan

Favorable Reforms in Construction Industry | Ensuring Livelihood for laborers – Opportunities for Investors | Revenue Division Federal Board of Revenue Government of Pakistan

o 90% reduction in fixed tax liability for Naya Pakistan Housing Projects
o Exemption of income tax and tax on capital gain for builders and land developers
o Source of investment for construction sector will not be probed
o One-time exemption of tax on capital gain on sale of personal accommodation of size up to 500 sq yard house or 4000 sq feet apartment
o Fixed tax regime: tax to be paid in quarterly installment
o Easy and simple tax registration
o Exemption from withholding tax on services and purchase of building material (except cement and steel)

The promotion of the construction industry would also support uplift of more than 40 allied industries. This initiative will increase job opportunities for the people and accelerate economic activities in the country.

Favorable Reforms in Construction Industry | Ensuring Livelihood for laborers - Opportunities for Investors | Revenue Division Federal Board of Revenue Government of Pakistan  - allpaknotifications.com
Favorable Reforms in Construction Industry [English]
Favorable Reforms in Construction Industry | Ensuring Livelihood for laborers - Opportunities for Investors | Revenue Division Federal Board of Revenue Government of Pakistan  - allpaknotifications.com
Favorable Reforms in Construction Industry [Urdu]

Capital GainExemption from Withholding TaxFavorable Reforms in Construction IndustryFBRFBR PakistanFederal Board of Revenue Government of PakistanFixed Tax RegimeIncome TaxNaya Pakistan Housing ProjectsRevenue DivisionTax RegistrationWithholding Taxتعمیراتی صنعت میں سازگار اصلاحات

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