{"id":59221,"date":"2019-12-30T16:50:30","date_gmt":"2019-12-30T11:50:30","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=59221"},"modified":"2020-02-07T15:28:06","modified_gmt":"2020-02-07T10:28:06","slug":"govt-looking-to-introduce-fixed-tax-regime-for-construction-sector","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html","title":{"rendered":"Govt looking to introduce fixed tax regime for construction sector"},"content":{"rendered":"<p>Karachi: The federal government looks to introduce a fixed tax regime for builders and developers to further the development of the country\u2019s construction sector \u2014 a news source reported. In this regard, the government is expected to hold consultations with the International Monetary Fund (IMF) to negotiate the launch of the new framework.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/special-tax-incentives-planned-construction-sector-hafeez-shaikh.html\" target=\"_blank\" rel=\"noopener noreferrer\">Special tax incentives planned for construction sector: Hafeez Shaikh<\/a><\/p>\n<p>The move will also allow the government to lift the ban on high-rise buildings in Karachi. Association of Builders and Developers (ABAD) wrote a letter on the matter to IMF to request a separate meeting for this purpose. ABAD aims to clarify to the IMF that a fixed tax regime will allow the government to collect greater revenue than it currently does.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/resolve-issues-construction-companies-punjab-cs.html\" target=\"_blank\" rel=\"noopener noreferrer\">Resolve issues of construction companies: Punjab CS<\/a><\/p>\n<p>The Federal Board of Revenue (FBR) and other stakeholders had already been in discussion on a fixed taxation regime for the construction sector, but the authorities had to put it on hold due to the IMF programme.<\/p>\n<p>Additionally, Prime Minister Imran Khan recently <a href=\"https:\/\/www.zameen.com\/news\/govt-looking-to-abolish-taxes-on-construction.html\" target=\"_blank\" rel=\"noopener noreferrer\">formed a committee<\/a> to consider the possibilities of introducing a fixed tax regime in the country. The committee is set to meet today (December 30) to discuss the matter further.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The federal government looks to introduce a fixed tax regime for builders and developers to further the development of the country\u2019s construction sector \u2014 a news source reported. In this regard, the government is expected to hold consultations with the International Monetary Fund (IMF) to negotiate the launch of the new framework. Read:\u00a0Special tax incentives planned for construction sector: Hafeez Shaikh The move will also allow the government to lift the ban on high-rise buildings in Karachi. Association of Builders and Developers (ABAD) wrote a letter on the matter to IMF to request a separate meeting for this purpose. ABAD aims to clarify to the IMF that a fixed tax regime will allow the government to collect greater revenue than it currently does. Read:\u00a0Resolve issues of construction companies: Punjab CS The Federal Board of Revenue (FBR) and other stakeholders had already been in discussion on a fixed taxation regime for the construction sector, but the authorities had to put it on hold due to the IMF programme. Additionally, Prime Minister Imran Khan recently formed a committee to consider the possibilities of introducing a fixed tax regime in the country. The committee is set to meet today (December 30) to&hellip;<\/p>\n","protected":false},"author":57,"featured_media":34938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[14727],"persona":[],"class_list":{"0":"post-59221","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-govt-looking-to-introduce-fixed-tax-regime-for-construction-sector","9":"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>Govt looking to introduce fixed tax regime for construction sector - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The federal government looks to introduce a fixed tax regime for builders and developers to further the development of the country\u2019s construction\" \/>\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\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt looking to introduce fixed tax regime for construction sector - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The federal government looks to introduce a fixed tax regime for builders and developers to further the development of the country\u2019s construction\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.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=\"2019-12-30T11:50:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-07T10:28:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/02\/goP.png\" \/>\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\/png\" \/>\n<meta name=\"author\" content=\"Muhammad Farhad\" \/>\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=\"Muhammad Farhad\" \/>\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":"Govt looking to introduce fixed tax regime for construction sector - Zameen News","description":"Karachi: The federal government looks to introduce a fixed tax regime for builders and developers to further the development of the country\u2019s construction","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\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html","og_locale":"en_US","og_type":"article","og_title":"Govt looking to introduce fixed tax regime for construction sector - Zameen News","og_description":"Karachi: The federal government looks to introduce a fixed tax regime for builders and developers to further the development of the country\u2019s construction","og_url":"https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.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":"2019-12-30T11:50:30+00:00","article_modified_time":"2020-02-07T10:28:06+00:00","og_image":[{"width":600,"height":350,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/02\/goP.png","type":"image\/png"}],"author":"Muhammad Farhad","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Muhammad Farhad","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html"},"author":{"name":"Muhammad Farhad","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9fc1132e74cdd346f201633b8d1cebc9"},"headline":"Govt looking to introduce fixed tax regime for construction sector","datePublished":"2019-12-30T11:50:30+00:00","dateModified":"2020-02-07T10:28:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html"},"wordCount":215,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/02\/goP.png","keywords":["Govt looking to introduce fixed tax regime for construction sector"],"articleSection":["Legal &amp; Taxation"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html","url":"https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html","name":"Govt looking to introduce fixed tax regime for construction sector - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/02\/goP.png","datePublished":"2019-12-30T11:50:30+00:00","dateModified":"2020-02-07T10:28:06+00:00","description":"Karachi: The federal government looks to introduce a fixed tax regime for builders and developers to further the development of the country\u2019s construction","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/02\/goP.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/02\/goP.png","width":600,"height":350},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Govt looking to introduce fixed tax regime for construction sector"}]},{"@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\/9fc1132e74cdd346f201633b8d1cebc9","name":"Muhammad Farhad","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","caption":"Muhammad Farhad"},"description":"Muhammad Farhad is a Content Developer at Zameen.com.","url":"https:\/\/www.zameen.com\/news\/author\/farhad-hassan"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/59221","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\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=59221"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/59221\/revisions"}],"predecessor-version":[{"id":59222,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/59221\/revisions\/59222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/34938"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=59221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=59221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=59221"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=59221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}