Islamabad, July 7, 2023 – The Federal Board of Revenue (FBR) has recently released the tax rate for construction services rendered within the jurisdiction of Islamabad Capital Territory (ICT).
The Federal Board of Revenue (FBR) issued a clarification on Thursday, shedding light on the extension of the Prime Minister’s incentive package for the construction industry.
KARACHI: Medium Taxpayers Office (MTO) Karachi has appointed a focal person to facilitate construction industry for availing special incentive package announced by the prime minister. According to an office order issued by the MTO Karachi, Fayyaz Hussain Abro, Additional Commissioner, Inland Revenue has been appointed as focal person to facilitate construction industry with regard to […]
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday said that it had received overwhelming response to construction industry package and over 4,800 projects have prepared drafts to get registration in the IRIS system. In a statement the FBR said that the response of builders, developers and taxpayers on the construction industry package announced by the […]
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday highlighted tax relief package and said that source of investment for construction sector will not be investigated. The government recently tax relief package for construction sector in order to restore economic activities. The package was also aimed to benefit 40 additional construction-linked industries. Besides, it was also […]
LAHORE: Punjab Revenue Authority (PRA) has exempted the sales tax on services rendered by construction industry till June 30, 2020. The provincial authority issued a notification dated April 02, 2020 and allowed zero percent sales tax on services provided by construction sector for next three months. However, this exemption from tax is available with condition […]
KARACHI: Federal Board of Revenue (FBR) to offer many incents through amendment to income tax law in order to comply with the announcement of the prime minister to grant tax amnesty to construction sector. According to highlights released by Arif Habib Limited, the following incentives to be offered by the FBR: 1. Special tax provisions […]
ISLAMABAD: Prime Minister Imran Khan on Friday announced a comprehensive tax incentive package for construction industry and allowed opening of activities in this sector from April 14, 2020. According to state-run media the prime minister announced the opening of construction sector from April 14 to help the country’s daily wagers and laborers, affected by continued […]
KARACHI: Mohsin Sheikhani, Chairman, Association of Builders and Developers of Pakistan (ABAD) Mohsin Sheikhani on Friday termed the incentives announced by Prime Minister Imran Khan as a historic package for the construction industry of Pakistan and this package will prove a turning point for the economy of Pakistan. Commenting on incentives announced for construction sector, […]
ISLAMABAD: Prime Minister Imran Khan on Monday constituted a committee for formulation of proposals to resolve challenges of federal and provincial taxes faced by construction industry. The committee will be headed by Naya Pakistan Housing Authority Chairman Lt Gen (R) Anwar Ali Haider. The prime minister was chairing a high level meeting regarding the revival […]