{"id":23676,"date":"2016-11-17T12:49:06","date_gmt":"2016-11-17T07:49:06","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=23676"},"modified":"2017-12-11T12:40:52","modified_gmt":"2017-12-11T07:40:52","slug":"new-tax-system-causing-investment-to-shift-to-uae-preif","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/new-tax-system-causing-investment-to-shift-to-uae-preif.html","title":{"rendered":"New tax system causing investment to shift to UAE: PREIF"},"content":{"rendered":"<p><u><\/u>Karachi: Pakistan Real Estate Industry Forum (PREIF) has revealed that the new tax collection mechanism is responsible for causing a major shift of investment to the UAE, states a news report.<\/p>\n<p>Reportedly, PREIF demanded that the tax ratio in the proposed amnesty scheme should be brought down to 2% on the difference of DC rate and FBR values. The body also asked the FBR to revise its valuation tables and increase these rates by 10% every year.<\/p>\n<p>In addition to that, PREIF also asked the authorities concerned to bring down the percentage of all taxes including Withholding Tax and Capital Gains Tax as doing so can bring along a 500% to 600% rise in real estate transaction volume, according to a news source.<\/p>\n<p>Representatives of PREIF fear that the future of Pakistan\u2019s real estate sector is in grave danger due to increased taxes and the valuation tables released by the Federal Board of Revenue. The body also emphasised that the booking of plots and houses in many new projects have been canceled by buyers, which also threatens the very existence of the country\u2019s development sector.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Pakistan Real Estate Industry Forum (PREIF) has revealed that the new tax collection mechanism is responsible for causing a major shift of investment to the UAE, states a news report. Reportedly, PREIF demanded that the tax ratio in the proposed amnesty scheme should be brought down to 2% on the difference of DC rate and FBR values. The body also asked the FBR to revise its valuation tables and increase these rates by 10% every year. In addition to that, PREIF also asked the authorities concerned to bring down the percentage of all taxes including Withholding Tax and Capital Gains Tax as doing so can bring along a 500% to 600% rise in real estate transaction volume, according to a news source. Representatives of PREIF fear that the future of Pakistan\u2019s real estate sector is in grave danger due to increased taxes and the valuation tables released by the Federal Board of Revenue. The body also emphasised that the booking of plots and houses in many new projects have been canceled by buyers, which also threatens the very existence of the country\u2019s development sector. &nbsp;<\/p>\n","protected":false},"author":18,"featured_media":23677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[3572],"persona":[],"class_list":{"0":"post-23676","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-demand-of-preif-on-property-taxes"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New tax system causing investment to shift to UAE: PREIF - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: Pakistan Real Estate Industry Forum (PREIF) has revealed that the new tax collection mechanism is responsible for causing a major shift of\" \/>\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\/new-tax-system-causing-investment-to-shift-to-uae-preif.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New tax system causing investment to shift to UAE: PREIF - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: Pakistan Real Estate Industry Forum (PREIF) has revealed that the new tax collection mechanism is responsible for causing a major shift of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/new-tax-system-causing-investment-to-shift-to-uae-preif.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=\"2016-11-17T07:49:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-11T07:40:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/11\/preif.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\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":"New tax system causing investment to shift to UAE: PREIF - Zameen News","description":"Karachi: Pakistan Real Estate Industry Forum (PREIF) has revealed that the new tax collection mechanism is responsible for causing a major shift of","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\/new-tax-system-causing-investment-to-shift-to-uae-preif.html","og_locale":"en_US","og_type":"article","og_title":"New tax system causing investment to shift to UAE: PREIF - Zameen News","og_description":"Karachi: Pakistan Real Estate Industry Forum (PREIF) has revealed that the new tax collection mechanism is responsible for causing a major shift of","og_url":"https:\/\/www.zameen.com\/news\/new-tax-system-causing-investment-to-shift-to-uae-preif.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":"2016-11-17T07:49:06+00:00","article_modified_time":"2017-12-11T07:40:52+00:00","og_image":[{"width":600,"height":350,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/11\/preif.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\/new-tax-system-causing-investment-to-shift-to-uae-preif.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/new-tax-system-causing-investment-to-shift-to-uae-preif.html"},"author":{"name":"Samra Zulfiqar","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293"},"headline":"New tax system causing investment to shift to UAE: PREIF","datePublished":"2016-11-17T07:49:06+00:00","dateModified":"2017-12-11T07:40:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/new-tax-system-causing-investment-to-shift-to-uae-preif.html"},"wordCount":194,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/new-tax-system-causing-investment-to-shift-to-uae-preif.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/11\/preif.jpg","keywords":["Details on demand of preif on property taxes"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/new-tax-system-causing-investment-to-shift-to-uae-preif.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/new-tax-system-causing-investment-to-shift-to-uae-preif.html","url":"https:\/\/www.zameen.com\/news\/new-tax-system-causing-investment-to-shift-to-uae-preif.html","name":"New tax system causing investment to shift to UAE: PREIF - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/new-tax-system-causing-investment-to-shift-to-uae-preif.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/new-tax-system-causing-investment-to-shift-to-uae-preif.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/11\/preif.jpg","datePublished":"2016-11-17T07:49:06+00:00","dateModified":"2017-12-11T07:40:52+00:00","description":"Karachi: Pakistan Real Estate Industry Forum (PREIF) has revealed that the new tax collection mechanism is responsible for causing a major shift of","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/new-tax-system-causing-investment-to-shift-to-uae-preif.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/new-tax-system-causing-investment-to-shift-to-uae-preif.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/new-tax-system-causing-investment-to-shift-to-uae-preif.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/11\/preif.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/11\/preif.jpg","width":600,"height":350},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/new-tax-system-causing-investment-to-shift-to-uae-preif.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"New tax system causing investment to shift to UAE: PREIF"}]},{"@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\/23676","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=23676"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/23676\/revisions"}],"predecessor-version":[{"id":23678,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/23676\/revisions\/23678"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/23677"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=23676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=23676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=23676"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=23676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}