You can either apply for a NICOP by visiting your nearest NRC or through NADRA web portal There are two main ways to apply for a National Identity Card for Overseas Pakistanis. You can either...
On June 11, State Minister for Revenue Hammad Azhar announced the government’s maiden budget for the Fiscal Year 2019-20 in an impassioned speech before a full-house session of the National Assembly. What follows is a...
The Budget for This Year Will Result in a Rise in the Amount of Tax Being Paid by Property Owners For many months now, the government has been looking to raise FBR property valuation rates...
Withholding Tax is Being Lowered and is Now Imposed on All Properties In the budget, the following measures have been proposed which will affect the Withholding Tax (WHT) rate imposed on property transfer cases: The...
The Bar on Buying Property Worth More Than PKR 5 Million is Being Lifted, But at a Cost! The government’s former finance minister Asad Umar announced a couple of months ago that the bar on...
All Income Accrued After Selling Real Estate Will Now be Taxed at Standard Rates Previously, the Capital Gains Tax (CGT) on immovable properties had been calculated separately; with the rate of the said tax dependent...
Banks Will Now be More Involved in All Real Estate Transactions Although non-filers have now been allowed to purchase properties individually valued higher than PKR 5 million, all such acquisitions will have to be processed...
Islamabad: Pakistan’s leading businessmen and industrialists have insisted on the zero-rating status to the manufacturers of products that are exported, a news source reported. The business community met with Prime Minister (PM) Imran Khan recently,...
As promised back in 2016, the Federal Board of Revenue (FBR) has increased property valuation table rates for real estate across 20 major cities of Pakistan. This rise, based on another board commitment, will proceed...
Federal Board of Revenue (FBR) has strongly refuted the news appearing in some sections of the press which states that the new finance bill has allowed the non-filers to purchase immovable property or cars. “The...
