Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Property transactions generate PKR 81 billion in revenue Federal Board of Revenue
01-24-2023, 03:22 PM
Post: #1
Property transactions generate PKR 81 billion in revenue Federal Board of Revenue
Property transactions generate PKR 81 billion in revenue. Federal Board of Revenue (FBR)
Islamabad: Property transactions brought in PKR 81 billion for the Federal Board of Revenue (FBR) during the fiscal year (FY) 2021–22. (Reported by news source)

According to the official data provided by the FBR, income tax receipts from the sale and purchase of real estate increased by 33% to PKR 81.20 billion in the tax year 2022 from PKR 61.15 billion in the tax years 2020–21. Sections 236-C and 236-K of the Income Tax Ordinance, 2001, which deal with withholding taxes on the sale, acquisition, and transfer of immovable properties, were used to collect the taxes.

When compared to the money received the year before, tax revenue under Section 236-K of the ordinance was collected increased by 32% to PKR 64.58 billion for the tax year 2022.


It is crucial to remember that the government gave the construction sector a sizable subsidy in the previous year, which also included the amnesty of FBR income sources and a reduction in the tax rate on real estate.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  NADRA and FBR Forge Alliance to Expand Tax Base and Boost Revenue LRE-Azan 0 132 01-20-2024 02:14 PM
Last Post: LRE-Azan
  Federal Board of Revenue (FBR) to Introduce Retailer Tax in Five Major Cities LRE-Azan 0 167 01-06-2024 05:25 PM
Last Post: LRE-Azan
  FBR Mandates Monthly Property Transfer Statements for Immovable Property Transactions LRE-Azan 0 146 12-30-2023 05:32 PM
Last Post: LRE-Azan
  Pakistan Aims to Generate USD 4.5 Billion in FY23-24 from Non-IMF Sources, Says Finan LRE-Azan 0 182 12-18-2023 02:10 PM
Last Post: LRE-Azan
  FBR Plans Crackdown Against Cash Transactions In Real Estate LRE-Azan 0 244 09-20-2023 07:28 PM
Last Post: LRE-Azan
  Board of Investment Seeks Responses for Massive Oil Refinery in Balochistan LRE-Azan 0 558 04-15-2023 05:56 PM
Last Post: LRE-Azan
  The Pindi Division mandates complete Digitization Of The Land Revenue Record LRE-Azan 0 663 03-27-2023 03:00 PM
Last Post: LRE-Azan
  Federal Board of Revenue (FBR) has surpassed its tax collection goal of PKR 533 billi LRE-Azan 0 670 02-08-2023 06:43 PM
Last Post: LRE-Azan
  Chief Minister federal minister for timely completion of NHA projects in Sindh LRE-Azan 0 642 01-26-2023 03:02 PM
Last Post: LRE-Azan
  NHA Executive Board approved the construction of CPEC Western Route LRE-Azan 0 878 01-18-2023 01:58 PM
Last Post: LRE-Azan
  The Chairman Federal Board of Intermediate & Secondary Education and the Executive Di LRE-Azan 0 779 11-19-2022 05:13 PM
Last Post: LRE-Azan
  LRR marking board inside Bahria town, near grand mosque LRE-Azan 0 1,306 12-27-2021 08:59 PM
Last Post: LRE-Azan
  Federal Board of Revenue (FBR) on Wednesday December 01, 2021 issued valuation and re LRE-Azan 0 1,234 12-02-2021 07:44 PM
Last Post: LRE-Azan
  Sindh To Approach Federal Government To Resolve The Issue Of Land Grabbed Salman 0 4,408 03-04-2014 02:02 PM
Last Post: Salman
  CDA board defers approval of plots restoration policy Salman 0 4,582 02-13-2014 12:23 PM
Last Post: Salman
  Foreign investment to boost economy, generate employment; PM Salman 0 3,797 02-11-2014 12:22 PM
Last Post: Salman
  Federal Govt Decided to Establish Real Estate Regulatory Authority Salman 0 6,508 12-17-2013 01:43 PM
Last Post: Salman
  Land Revenue Department reforms continue Salman 0 6,765 10-23-2013 04:50 PM
Last Post: Salman
  Maximising revenue: CDA board weighs proposals to diversify sources of income Salman 0 4,552 05-10-2013 11:21 AM
Last Post: Salman
  CDA evolves comprehensive strategy to enhance revenue Salman 0 3,740 05-04-2013 05:58 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)