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.
As Milan’s real estate boom starts to stabilize, investors are increasingly looking toward Rome as…
Dubai’s skyline is set to welcome a new icon as Azizi Developments launches global sales…
The federal government is considering removing the Federal Excise Duty (FED) on the transfer of…
Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister…
The Capital Development Authority (CDA) has scheduled an open auction for commercial plots at Jinnah…
The capital city of Pakistan is gearing up for a grand celebration as Interior Minister…
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.
