Tag: immovable properties

Taxation

Sales tax rates for services rendered on sale, purchase of immovable properties

— January 15, 2020 add comment
KARACHI: Sindh Revenue Board (SRB) has issued sales tax rate for service provided on sale and purchase of immovable properties within the province. Read more »
Taxation

Up to 75% capital gain tax exempt on immovable property sale

— January 8, 2020 add comment
KARACHI: The government has exempted capital gain tax up to 75 percent in case an immovable property sold by government employees of army personnel after completion of three years. Read more »
Taxation

Valuation of concealed assets for income tax recovery

— December 25, 2019 add comment
KARACHI: Federal Board of Revenue (FBR) shall conduct valuation for the purpose of income tax recovery on those assets which were identified as concealed. Read more »
Taxation

Immovable property purchase above Rs5 million not allowed other than banking channel

— December 7, 2019 add comment
KARACHI: Any immovable property purchased through cash or bearer instruments will liable to penalty of five percent of the total value of immovable property, sources in Federal Board of Revenue (FBR) said... Read more »
Taxation

FBR initiates action against concealed amounts in immovable property purchases

— November 24, 2019 add comment
ISLAMABAD: Federal Board of Revenue (FBR) has initiated scrutiny of transactions of immovable properties, especially those where amnesty was availed, sources said. Read more »
Taxation

IR officers empowered to sell defaulters’ properties without attachment

— November 22, 2019 add comment
KARACHI: Officers of Inland Revenue (IR) have been empowered to sell moveable or immovable properties of sales tax defaulters for recovery of arrears. Read more »
Taxation

Immovable property registrar requires to provide buyers, sellers information

— November 3, 2019 add comment
KARACHI: A registrar is required to provide information of buyers and sellers of immovable properties in withholding tax statement to the Federal Board of Revenue (FBR). Read more »
Taxation

FBR to conduct nation-wide survey of immovable properties to assess wealth parked in real estate sector

— November 3, 2019 add comment
ISLAMABAD: Federal Board of Revenue (FBR) will conduct nation-wide survey of immovable properties to assess and tap colossal wealth parked in the real estate sector. Read more »
Taxation

Tax authorities to determine values of immovable properties, motor cars on discovery of concealment

— November 2, 2019 add comment
ISLAMABAD: The tax authorities shall determine value of immovable properties and motor cars for tax purpose on discovery of concealment by a person or a company. Read more »
Taxation

FBR issues tax rates for income from immovable properties

— August 2, 2019 add comment
ISLAMABAD: Federal Board of Revenue (FBR) has issued withholding tax rate on rental income of immovable properties, which are applicable from July 01, 2019. Read more »
2019-2020

Threshold amount to purchase immovable properties removed for withholding tax collection: FBR

— July 31, 2019 add comment
ISLAMABAD: Federal Board of Revenue (FBR) has removed threshold amount to purchase of immovable properties for collection of withholding tax. Read more »
2019-2020

FBR makes mandatory purchase of immovable property through banking channel

— July 30, 2019 add comment
ISLAMABAD: Federal Board of Revenue (FBR) has made mandatory the purchase of immovable property of fair market value above Rs5 million through banking channel. Read more »