FBR Launches Online system for Section 7E transactions

Islamabad: The Federal Board of Revenue (FBR) introduced an online platform to assist citizens in obtaining exemption certificates or making tax payments for the transfer of immovable properties under Section 7E, as reported by news sources On Friday, September 1.

FPCCI ask FBR to withdrawal of Section 7E on Immovable Properties

ISLAMABAD: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has formally submitted a request to the Federal Board of Revenue (FBR) for the withdrawal of tax on Immovable Properties as per Section 7E. According to the Acting President

FBR introduced a new verification form for the real estate sector

In a move to bring more transparency and compliance to the real estate sector, the Federal Board of Revenue (FBR) has rolled out a fresh verification form under the recently established Section 7E of the Income Tax Ordinance, 2001. According

FBR announces tax relief for overseas Pakistanis

The Federal Board of Revenue (FBR) has recently announced a significant update regarding tax relief for non-resident Pakistanis on the sales or transfer of immovable properties, as outlined in Section 7E of the Income Tax Ordinance 2001. According to a

LAHORE SMART CITY – The Best Place for your Investment!

Introduction Lahore Smart City is one the mega residential and commercial projects in Pakistan, located in the provincial capital of Punjab. It is the 5th Smart City project in Asia and the 2nd in Pakistan located on Lahore Bypass which

120,000 Pakistanis Registered Under Phase-2 of NPHP

Naya Pakistan Housing Project (NPHP) opened online registration portal for convenient registration. Reportedly, in just 15 days more than 120,000 individuals have registered themselves for these economical houses. The process in opened till start of October. Read : 17% GST

17% GST for Shops Above 1000 Sq. Ft. Area

Federal Board of Revenue (FBR) made compulsory for the retailers to pay General Sales Tax (GST) of 17%. This policy is applicable to all the retailers operating outlets or shops having 1000 Sq. Ft. area. Read : RDA’s Massive Operation

Islamabad Property Valuation Rates by FBR

FBR Federal Board of Revenue (FBR) is an attached department on Ministry of Finance, Pakistan. This department is working as a revenue division since 1998. On July 2017, it is working as a Federal Board of Revenue under FBR Act

Rawalpindi New Property Valuation Rates by FBR

FBR Federal Board of Revenue (FBR) is an attached department on Ministry of Finance, Pakistan. This department is working as a revenue division since 1998. On July 2017, it is working as a Federal Board of Revenue under FBR Act

Tax Amnesty Scheme Extended Till August 2nd  

Federal Board of Revenue (FBR) has extended Tax amnesty scheme till August the 2nd. People can avail this scheme to declare their hidden assets. They can submit income tax returns for FY 208-19 till next month. Financial adviser, Hafeez Sheikh,