ISLAMABAD: Government of Pakistan promulgated Tax Law Amendment Ordinance 2021 which brought amendments to the law pertaining to the tax on the sale of immovable property.
According to the promulgated law, a person attesting, registering or recording the transfer of any immovable property will collect advance tax at the rate of one percent from the seller or transferor.
Furthermore, the overseas Pakistanis can now open non-resident Pakistani Rupee Value Accounts (NRVAs).
For promoting the trend of electric vehicles, the promulgated ordinance entails tax exemptions to be given on the sale of electric vehicles in Pakistan.
Moreover, the withholding tax ranging from Rs50, 000- Rs200, 000 will be imposed on the sellers on the sale of locally manufactured vehicles within 90 days from delivery.
For news and blogs. visit Graana.com.
Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…
Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…
Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…
Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…
Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…
Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
