{"id":101264,"date":"2025-02-03T11:11:38","date_gmt":"2025-02-03T06:11:38","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=101264"},"modified":"2025-02-03T11:11:42","modified_gmt":"2025-02-03T06:11:42","slug":"expats-demand-tax-waiver-for-c-14-plots","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/expats-demand-tax-waiver-for-c-14-plots.html","title":{"rendered":"Expats call for tax waiver, local currency payment for C-14 plots"},"content":{"rendered":"\n<p>Islamabad: Overseas Pakistanis who secured plots in Islamabad\u2019s CDA Sector C-14 through recent balloting have urged the government to waive withholding tax and Federal Excise Duty (FED) on their first-time property purchases. They have also requested the option to make payments in Pakistani Rupees instead of US dollars.<\/p>\n\n\n\n<p>According to tax experts, many allottees are facing challenges in sending payments from abroad in USD, as required by the Capital Development Authority (CDA). The authority has received multiple requests to allow transactions in local currency, and a petition has been filed in the high court on this matter.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/overseas-pakistanis-get-real-estate-tax-relief.html\" target=\"_blank\" rel=\"noreferrer noopener\">Overseas Pakistanis get real estate tax relief under new FBR initiative<\/a><\/p>\n\n\n\n<p>As per the initial allotment terms, successful overseas buyers must make payments exclusively in USD through banking channels within 30 days of the intimation letter issued on January 15, 2025. However, experts argue that many overseas Pakistanis regularly remit money to Pakistan and may not have liquid funds available abroad for this transaction. Additionally, bank charges on international transfers further increase costs.<\/p>\n\n\n\n<p>With the federal government set to review real estate and housing sector reforms in an upcoming meeting chaired by the Prime Minister today, stakeholders are calling for meaningful incentives. Tax consultants highlight that while overseas Pakistanis contribute significantly to Pakistan\u2019s economy through remittances, they face difficulties in claiming tax refunds, making a withholding tax waiver crucial for first-time buyers.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cda-seeks-overseas-investment-for-hotel-auctions.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA seeks overseas investment for prime hotel, residential auctions<\/a><\/p>\n\n\n\n<p>Experts have also proposed the establishment of a dedicated housing authority for overseas Pakistanis, similar to DHA, to streamline property acquisition and development for expatriates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Overseas Pakistanis who secured plots in Islamabad\u2019s CDA Sector C-14 through recent balloting have urged the government to waive withholding tax and Federal Excise Duty (FED) on their first-time property purchases. They have also requested the option to make payments in Pakistani Rupees instead of US dollars. According to tax experts, many allottees are facing challenges in sending payments from abroad in USD, as required by the Capital Development Authority (CDA). The authority has received multiple requests to allow transactions in local currency, and a petition has been filed in the high court on this matter. Read: Overseas Pakistanis get real estate tax relief under new FBR initiative As per the initial allotment terms, successful overseas buyers must make payments exclusively in USD through banking channels within 30 days of the intimation letter issued on January 15, 2025. However, experts argue that many overseas Pakistanis regularly remit money to Pakistan and may not have liquid funds available abroad for this transaction. Additionally, bank charges on international transfers further increase costs. With the federal government set to review real estate and housing sector reforms in an upcoming meeting chaired by the Prime Minister today, stakeholders are calling for meaningful incentives.&hellip;<\/p>\n","protected":false},"author":18,"featured_media":75306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[59996,62306,52814,61339,61718,741,62307,1685,62303,62302,60563,4579,61918,62305,62304],"persona":[],"class_list":{"0":"post-101264","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-cda-sector-c-14","9":"tag-expatriate-investments","10":"tag-federal-excise-duty","11":"tag-government-policies","12":"tag-housing-sector-development","13":"tag-islamabad-real-estate","14":"tag-overseas-housing-authority","15":"tag-overseas-pakistanis","16":"tag-pakistani-rupee-transactions","17":"tag-property-payment-policy","18":"tag-real-estate-reforms","19":"tag-remittances","20":"tag-tax-incentives","21":"tag-usd-payment-requirement","22":"tag-withholding-tax-waiver","23":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Expats Demand Tax Waiver for C-14 Plots - Zameen News<\/title>\n<meta name=\"description\" content=\"As per the initial allotment terms, successful overseas buyers must make payments exclusively in USD through banking channels within 30 days..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/expats-demand-tax-waiver-for-c-14-plots.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expats Demand Tax Waiver for C-14 Plots - Zameen News\" \/>\n<meta property=\"og:description\" content=\"As per the initial allotment terms, successful overseas buyers must make payments exclusively in USD through banking channels within 30 days..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/expats-demand-tax-waiver-for-c-14-plots.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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