Sales tax exemption notified

Published April 28, 2020
Government has implemented an amnesty scheme along with a string of relief measures to promote the construction sector. — Reuters/File
Government has implemented an amnesty scheme along with a string of relief measures to promote the construction sector. — Reuters/File

ISLAMABAD: The FBR on Monday issued a notification for exemption of sales tax on services of property developers and promoters in the federal capital.

Amid the ongoing coronavirus pandemic, the government implemented an amnesty scheme along with a string of relief measures to promote the construction sector which offers employment to a large number of labourers.

As per the decision, property developers and promoters as well as allied services of low-cost housing schemes, will not pay any sales tax on services. The Naya Pakistan Housing Development Authority or government’s Ehsaas Programme will approve or finance these schemes.

No one will claim input tax adjustment or refund in case of availing the exemption.

The provincial governments will notify the exemption of sales tax on services for their respective provinces.

Published in Dawn, April 28th, 2020

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...