Raising property valuations EDITORIAL: In a significant move, the FBR has substantively increased valuations of immovable properties by up to 75... Published 31 Oct, 2024 06:55am
Print 56 cities: Values of immovable properties revised upward by FBR ISLAMABAD: The Federal Board of Revenue (FBR) Tuesday substantially raised values of immovable properties up to 75... Updated 30 Oct, 2024 03:45pm
Business & Finance FBR lists cases pending implementation of FTO rulings ISLAMABAD: The Federal Board of Revenue (FBR) has compiled a list of important cases where decisions of the Federal... Updated 22 Oct, 2024 08:50am
Print Immovable properties: FBR may issue enhanced values today ISLAMABAD: The Federal Board of Revenue (FBR) will considerably increase values of immovable properties up to 75... Published 11 Oct, 2024 06:30am
Print Immovable properties: FTO sets deadline for revision of valuations ISLAMABAD: The Federal Tax Ombudsman (FTO) has issued a notice to the Chairman Federal Board of Revenue (FBR) ... Updated 06 Oct, 2024 01:23pm
Print ‘Adventure in the nature of trade’: Burden of proof for taxing lies with FBR: ATIR ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) has ruled that the burden of proof lies with the Federal Board... Updated 12 Aug, 2024 09:21am
Print Acquired on or after July 1, 2024: No holding period for immovable properties: FBR ISLAMABAD: The concept of holding period has been done away with for immovable properties acquired on or after July... Updated 31 Jul, 2024 11:36am
Print Excessive valuation of immovable properties: FTO’s directive to FBR ISLAMABAD: Federal Tax Ombudsman (FTO) has again directed Federal Board of Revenue (FBR) Member Inland Revenue... Updated 12 Jul, 2024 08:41am
Print Traders, shopkeepers and retailers: FBR drafts ‘simple’ tax payment system ISLAMABAD: The Federal Board of Revenue (FBR) has drafted a very simple tax payment system for traders, shopkeepers... Updated 12 Jul, 2024 09:22am
Print Sale of govt-allotted immovable properties: Scope of WHT exemption expanded ISLAMABAD: The government has expanded the scope of withholding tax exemption on the sale of government-allotted... Updated 03 Jul, 2024 08:32am
Print Major urban cities: Valuation of immovable properties to be increased to 90pc ISLAMABAD: The Federal Board of Revenue (FBR) Friday informed the Senate Standing Committee on Finance that the... Updated 22 Jun, 2024 05:37pm
Print Immovable properties: BHC declares Section 7E of ITO as ultra vires to constitution ISLAMABAD: Balochistan High Court (BHC) has declared Section 7E (tax on deemed income basis) of the Income Tax... Updated 01 Jun, 2024 03:51pm
Print Immovable properties: Hike in advance tax on purchase likely Taxation on real estate discussed during ongoing meetings between FBR and IMF Updated 17 May, 2024 11:39am
Print Immovable properties: FBR has no written SOP to determine fair market values ISLAMABAD: The Federal Board of Revenue (FBR) has no written standing operating procedure (SOP) for guidance of the... Updated 16 Feb, 2024 10:03am
Print ‘Deemed income’ on immovable properties: SC asks HCs to decide the matter expeditiously ISLAMABAD: The Supreme Court (SC) has directed the High Courts to expeditiously decide the matter of tax on “deemed... Updated 24 Jan, 2024 10:00am
Print Valuation of immovable properties: FTO directs FBR to hire competent, experienced valuers ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to hire competent and... Updated 23 Dec, 2023 07:42pm
Life & Style Dubai property prices hit all-time high, crossing September 2014 peak The Dubai property market reached new highs in November, crossing a previous record set in September 2014, according... Published 21 Dec, 2023 04:44pm
Print Property registration in Punjab: Mega WHT evasion scam unearthed Tax office of Federal Board of Revenue conducts an electronic audit of property registrars in Punjab Updated 18 Dec, 2023 11:51am
Print FY23 sales of immovable properties: WHT collection registers 340.5pc growth YoY Federal Board of Revenue releases withholding tax data Updated 29 Nov, 2023 09:51am
Business & Finance Immovable properties in the UAE, UK: Rental income of resident Pakistanis taxable in country: expert ISLAMABAD: The rental income of resident Pakistanis, having immovable properties in the United Kingdom (UK) and... Updated 23 Oct, 2023 10:21am
Print Anti-Benami Adjudicating Authority becomes dysfunctional ISLAMABAD: The Anti-Benami Adjudicating Authority has become dysfunctional and cannot adjudicate/finalise references... Updated 18 Oct, 2023 08:43am
Business & Finance Real estate sector: FTO asks FBR to stay vigilant against market prices ISLAMABAD: The Federal Tax Ombudsman has strongly recommended to the Federal Board of Revenue (FBR) to remain... Published 22 Sep, 2023 03:33am
Print Immovable properties: FBR issues guidelines for taxpayers ISLAMABAD: The Federal Board of Revenue (FBR) on Friday issued detailed guidelines for taxpayers to pay tax on... Updated 16 Sep, 2023 03:59pm
Print Immovable properties: FTO takes major step to help resolve valuation issue ISLAMABAD: The Federal Tax Ombudsman (FTO) has started a massive exercise to resolve the problems of the general... Updated 06 Sep, 2023 09:55am
Print PTBA asks FBR to take notice of sudden change in IRIS module LAHORE: Pakistan Tax Bar Association (PTBA) leadership has urged Chairman Federal Board of Revenue (FBR) to look... Updated 04 Sep, 2023 09:37am
Print Valuation of immovable properties: FBR suspends proposed increase till next month ISLAMABAD: In a major development, the Federal Board of Revenue (FBR) has temporarily suspended a major increase... Updated 06 Aug, 2023 11:13am
Print Working out new rates of immovable properties: On Dar’s directive, FBR to hold talks with realtors today ISLAMABAD: Finance Minister Ishaq Dar Friday directed the Federal Board of Revenue (FBR) to immediately convene a... Updated 05 Aug, 2023 03:08pm
Print NA panel told: Property transfers, registration halted due to Section 7E ITO ISLAMABAD: The registration and transfers of immovable properties across Pakistan has been totally stopped after... Updated 03 Aug, 2023 09:14am
Print Sale and purchase of immovable properties: FBR implements revised rates of withholding tax ISLAMABAD: The Federal Board of Revenue (FBR) from July 1, 2023, implemented upward revised rates of withholding... Updated 05 Jul, 2023 08:53am
Business & Finance Immovable properties: Tax authorities issuing ‘super tax’ notices LAHORE: Tax authorities are issuing notices of super tax to taxpayers against immovable properties on which no... Published 04 Jul, 2023 05:07am