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.
Capital Gain, Exemption from Withholding Tax, Favorable Reforms in Construction Industry, FBR, FBR Pakistan, Federal Board of Revenue Government of Pakistan, Fixed Tax Regime, Income Tax, Naya Pakistan Housing Projects, Revenue Division, Tax Registration, Withholding Tax, تعمیراتی صنعت میں سازگار اصلاحات
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