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.
Pakistan Peoples Party (PPP) local leader and Chanesar Town Chairman Farhan Ghani has been arrested…
inDrive, a global mobility and urban services platform, has joined hands with Essa Labs to…
tapmad Entertainment has cemented its position as a pioneer in Pakistan’s digital entertainment space, not…
Airblue, one of the country’s leading private airlines, has announced a 14% discount on selected…
The Pakistan eCommerce Association (PEA) has urged the government to reduce the tax burden on…
From highlighting the need for affordable smartphones and universal internet to pushing for a cashless,…
This website uses cookies.
