Sales tax exemption notified

The Newspaper's Staff Reporter Published April 28, 2020

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

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Thomas

Apr 28, 2020 08:59am

All the false claims pre election have fallen off and reveal a Government of the corrupt, by the corrupt for the corrupt!

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Kamran

Apr 28, 2020 09:22am

I still remember horror stories of Builders who keep on increasing demands once a person is hooked. They are the worst cheaters and group of gangsters who drain unlawfully every rupee from common public. They shouldn’t be given these tax benefits, instead there should be a watch on them.

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AAA

Apr 28, 2020 09:35am

But does this decrease the cost of property, well no, it increased it, also as by great Khan construction sector is now an industry where is regulations ? where is price check ? where is insurance of property and QC mechanism and standardization of commercial and no commercial buildings ?, or is it just as it is, new way of legalizing corruption.

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M. Emad

Apr 28, 2020 09:52am

During the great Coronavirus recession who can afford to buy Houses/ Flats in Pakistan ?

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Syed A. Mateen

Apr 28, 2020 10:28am

Property business is one of the most affected business in the country. The down fall of property business started after former federal minister Ishaq Dar increased FBR rates during annual budget, followed by the increase in collector rates by provincial govts. Ishaq Dar, federal and provincial bureaucrats were of the opinion that if taxes on purchase of properties will be brought / increased equivalent to sale prices of properties in the open market, it will increase the revenue of the federal and provincial govts, but that never happened, nor it will ever happen in the times to come, no matter how much taxes are levied or exemption is given in sales tax by the PTI, or any other future govts. in Pakistan The real fact behind failure of previous govts. of PMLN and present govt. of PTI is unless over all federal and provincial govts. taxes will not be slashed down significantly, there will be no boom seen in the property market, not now, or even in future any where in the country

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Ahmed bin Babar

Apr 28, 2020 12:13pm

Do they deserve any examption when their kitties are overflowing with billions..?!

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Chris Dann

Apr 28, 2020 12:24pm

How many Malik Riaz will be born out of it!!!

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M. Saeed

Apr 28, 2020 03:24pm

A huge favor to Bahria empire !