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.
Rescuers locate missing Japanese trekker's body A week-long search operation involving local volunteers has led…
Hannah Murray recently shared her shocking experience with a wellness cult that transported her to…
A large ballistic missile attack hit Kyiv early Sunday, wounding at least five people, according…
Pakistan Tehrik-e-Insaf (PTI) has issued a circular for the upcoming Gilgit-Baltistan elections in 2026, emphasizing…
Princess Anne and other senior Royals are reportedly feeling burnt out due to excessive work.…
Allegations surfaced regarding armed police officers assigned to protect Windsor Castle potentially falling asleep on…
This website uses cookies.
