{"id":101340,"date":"2025-02-12T10:49:36","date_gmt":"2025-02-12T05:49:36","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=101340"},"modified":"2025-02-12T12:28:25","modified_gmt":"2025-02-12T07:28:25","slug":"fbr-property-buying-ban-for-non-filers-put-on-hold","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html","title":{"rendered":"FBR\u2019s property buying ban for non-filers put on hold"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue\u2019s (FBR) proposed restrictions on property transactions exceeding PKR10 million for non-filers have lost momentum, as the National Assembly\u2019s Standing Committee on Finance and Revenue has deferred the approval of a key provision in the Tax Laws (Amendment) Bill 2024.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/recommendations-for-revival-of-real-estate-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">Recommendations for revival of real estate, construction sector shared with FBR<\/a><\/p>\n\n\n\n<p>The bill includes Section 114C, which seeks to impose restrictions on economic transactions for non-filers. Under the proposed amendments, individuals would need to prove their eligibility by demonstrating assets worth PKR 10 million to buy a PKR 13 million property. To facilitate this, the FBR plans to develop an online system in collaboration with the National Database and Registration Authority (Nadra) and provincial excise departments, allowing individuals to update their wealth statements voluntarily.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/na-supports-fbrs-crackdown-on-black-money.html\" target=\"_blank\" rel=\"noreferrer noopener\">National Assembly backs FBR\u2019s push against black money in real state<\/a><\/p>\n\n\n\n<p>However, the Standing Committee decided to delay approval until the FBR implements the necessary technological framework. As a result, these amendments may now be incorporated into the next federal budget for 2025-26.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue\u2019s (FBR) proposed restrictions on property transactions exceeding PKR10 million for non-filers have lost momentum, as the National Assembly\u2019s Standing Committee on Finance and Revenue has deferred the approval of a key provision in the Tax Laws (Amendment) Bill 2024. Read: Recommendations for revival of real estate, construction sector shared with FBR The bill includes Section 114C, which seeks to impose restrictions on economic transactions for non-filers. Under the proposed amendments, individuals would need to prove their eligibility by demonstrating assets worth PKR 10 million to buy a PKR 13 million property. To facilitate this, the FBR plans to develop an online system in collaboration with the National Database and Registration Authority (Nadra) and provincial excise departments, allowing individuals to update their wealth statements voluntarily. Read: National Assembly backs FBR\u2019s push against black money in real state However, the Standing Committee decided to delay approval until the FBR implements the necessary technological framework. As a result, these amendments may now be incorporated into the next federal budget for 2025-26.<\/p>\n","protected":false},"author":18,"featured_media":99068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[62476,3362,62477,62478,2730,2254,6358,34475,62474,3057,33,62471,62472,62473,62475],"persona":[],"class_list":{"0":"post-101340","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-budget-2025-26","9":"tag-fbr","10":"tag-finance-committee","11":"tag-investment-rules","12":"tag-nadra","13":"tag-national-assembly","14":"tag-non-filers","15":"tag-pakistan-economy","16":"tag-property-restrictions","17":"tag-property-transactions","18":"tag-real-estate","19":"tag-section-114c","20":"tag-tax-laws-amendment","21":"tag-taxation-policy","22":"tag-wealth-declaration","23":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Property buying ban for non-filers put on hold - Zameen News<\/title>\n<meta name=\"description\" content=\". Under the proposed amendments, individuals would need to prove their eligibility by demonstrating assets worth PKR 10 million to..\" \/>\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\/fbr-property-buying-ban-for-non-filers-put-on-hold.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property buying ban for non-filers put on hold - Zameen News\" \/>\n<meta property=\"og:description\" content=\". Under the proposed amendments, individuals would need to prove their eligibility by demonstrating assets worth PKR 10 million to..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-12T05:49:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-12T07:28:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/09\/FBR_news-cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samra Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samra Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Property buying ban for non-filers put on hold - Zameen News","description":". Under the proposed amendments, individuals would need to prove their eligibility by demonstrating assets worth PKR 10 million to..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html","og_locale":"en_US","og_type":"article","og_title":"Property buying ban for non-filers put on hold - Zameen News","og_description":". Under the proposed amendments, individuals would need to prove their eligibility by demonstrating assets worth PKR 10 million to..","og_url":"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2025-02-12T05:49:36+00:00","article_modified_time":"2025-02-12T07:28:25+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/09\/FBR_news-cover.jpg","type":"image\/jpeg"}],"author":"Samra Zulfiqar","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Samra Zulfiqar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html"},"author":{"name":"Samra Zulfiqar","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293"},"headline":"FBR\u2019s property buying ban for non-filers put on hold","datePublished":"2025-02-12T05:49:36+00:00","dateModified":"2025-02-12T07:28:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html"},"wordCount":184,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/09\/FBR_news-cover.jpg","keywords":["budget 2025-26","FBR","finance committee","investment rules","NADRA","National Assembly","non-filers","Pakistan economy","property restrictions","property transactions","real estate","Section 114C","tax laws amendment","taxation policy","wealth declaration"],"articleSection":["Legal &amp; Taxation"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html","url":"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html","name":"Property buying ban for non-filers put on hold - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/09\/FBR_news-cover.jpg","datePublished":"2025-02-12T05:49:36+00:00","dateModified":"2025-02-12T07:28:25+00:00","description":". Under the proposed amendments, individuals would need to prove their eligibility by demonstrating assets worth PKR 10 million to..","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/09\/FBR_news-cover.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/09\/FBR_news-cover.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"FBR\u2019s property buying ban for non-filers put on hold"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293","name":"Samra Zulfiqar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","caption":"Samra Zulfiqar"},"description":"Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market\u2019s most promising opportunities.","url":"https:\/\/www.zameen.com\/news\/author\/samra"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/101340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=101340"}],"version-history":[{"count":2,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/101340\/revisions"}],"predecessor-version":[{"id":101350,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/101340\/revisions\/101350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/99068"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=101340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=101340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=101340"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=101340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}