The federal government has introduced a levy on taxable profits for individuals and businesses involved in the construction and sale of residential and commercial buildings.
According to the amended Finance Bill, this tax will also apply to the development and sale of plots.
A taxable profit rate of 10% will be imposed on gross receipts from the construction and sale of buildings, 15% on the development and sale of plots, and 12% on mixed business activities.
The tax applies only to income from these specific activities, not to other sources or heads of income.
Prime Minister Shehbaz Sharif announced on Sunday the complete elimination of the PTV licence fee…
The Aga Khan University Examination Board (AKU-EB) has successfully concluded a capacity development and technical…
In a landmark decision, the Universal Service Fund's (USF) Board of Directors has greenlit seven…
Pakistan’s passport has made a notable leap in global mobility rankings, entering the top 100…
An international survey conducted across 17 total countries, including Pakistan, was commissioned by the Global…
Data Vault Pakistan has officially launched the country’s first AI-focused data center in Karachi, a…
This website uses cookies.
