Pakistan Revenue
Islamabad, June 29, 2024 – The government has imposed a capital value tax (CVT) on farmhouses and residential houses within the territorial limits of Islamabad Capital Territory, as outlined in the Finance Act, 2024.
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The Federal Board of Revenue (FBR) has successfully collected Rs2.23 billion as Capital Value Tax (CVT) on foreign assets owned by resident individuals.
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ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday issued procedure and collection of capital value tax (CVT). The government through Finance Act, 2022 imposed capital value tax on sale of immovable properties and motor vehicles. Following are the procedure and collection of the CVT. READ MORE: FBR may extend date for return filing tax […]
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KARACHI: The federal government of Pakistan has reinstated the Capital Value Tax (CVT) at a rate of one percent on the value of both locally manufactured and imported motor vehicles. This move marks the revival of a tax that was previously withdrawn in phases and ultimately abolished in 2020.
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ISLAMABAD: Federal Board of Revenue (FBR) has allowed correction in computerized payment receipt (CPR) for capital value tax (CVT). In this regard, the FBR amended the procedure. The FBR issued an addendum on Thursday to the e-procedure that was notified on December 30, 2019. Previously, the FBR granted correction in CPR for income tax, sales […]
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KARACHI: The government has abolished Capital Value Tax (CVT) on purchase value of any instrument of redeemable capital, Pakistan Stock Exchange (PSX) informed to all members of the exchange. The PSX informed all TREC Holders and shareholders that the Tax Laws (Amendment) Ordinance, 2020 has been published through which the said amendment ordinance, sub-section (1) […]
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