{"id":66983,"date":"2020-06-22T17:41:18","date_gmt":"2020-06-22T12:41:18","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66983"},"modified":"2020-06-22T17:41:19","modified_gmt":"2020-06-22T12:41:19","slug":"engineering-services-exclusion-reduced-wht-facility-hinder-construction-member-pbc","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/engineering-services-exclusion-reduced-wht-facility-hinder-construction-member-pbc.html","title":{"rendered":"Engineering services\u2019 exclusion from reduced WHT facility to hinder construction: Member PBC"},"content":{"rendered":"\n<p>Lahore: A Pakistan Business Council (PBC) member has expressed concerns that the exclusion of engineering services from the government&#8217;s reduced withholding tax facility will hinder the construction sector \u2014 a news source reported. Earlier, the tax rate had been reduced to 3%; however, it has once again been raised to 8% of the value of services.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/govt-to-abolish-wht-on-remittances-in-fy-2020-21.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt to abolish WHT on remittances in FY2020-21<\/a><\/p>\n\n\n\n<p>The PBC member further stated that the exclusion of engineering services would mean very high tax rates, particularly for the corporate sector that provides engineering services to the energy, oil, gas, and construction sectors.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/icci-requests-wht-waiver-on-cement-steel.html\" target=\"_blank\" rel=\"noreferrer noopener\">ICCI appreciates construction sector relief package, requests WHT waiver on cement, stee<\/a>l<\/p>\n\n\n\n<p>Reportedly, the decision to increase the tax goes contrary to the government\u2019s previous announcement to boost construction and low-cost housing, as this move will ultimately result in high cost of construction and business. A number of engineering companies have reached out to the government \u2014 both directly and with the help of a number of business platforms \u2014 in order to urge it to alter its decision. The firms contend that this is the only choice this faltering sector has of recovery in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: A Pakistan Business Council (PBC) member has expressed concerns that the exclusion of engineering services from the government&#8217;s reduced withholding tax facility will hinder the construction sector \u2014 a news source reported. Earlier, the tax rate had been reduced to 3%; however, it has once again been raised to 8% of the value of services. Read: Govt to abolish WHT on remittances in FY2020-21 The PBC member further stated that the exclusion of engineering services would mean very high tax rates, particularly for the corporate sector that provides engineering services to the energy, oil, gas, and construction sectors. Read: ICCI appreciates construction sector relief package, requests WHT waiver on cement, steel Reportedly, the decision to increase the tax goes contrary to the government\u2019s previous announcement to boost construction and low-cost housing, as this move will ultimately result in high cost of construction and business. A number of engineering companies have reached out to the government \u2014 both directly and with the help of a number of business platforms \u2014 in order to urge it to alter its decision. The firms contend that this is the only choice this faltering sector has of recovery in the future.<\/p>\n","protected":false},"author":57,"featured_media":63467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[32525,32526],"persona":[],"class_list":{"0":"post-66983","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-engineering-services-exclusion-from-reduced-wht-facility-to-hinder-construction-member-pbc","9":"tag-reduced-wht-facility","10":"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>&#039;Engineering services\u2019 exclusion from WHT facility to hinder construction&#039; - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: A Pakistan Business Council (PBC) member has expressed concerns that the exclusion of engineering services from the government&#039;s reduced withholding tax facility will hinder the construction sector \u2014 a news source reported.\" \/>\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\/engineering-services-exclusion-reduced-wht-facility-hinder-construction-member-pbc.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&#039;Engineering services\u2019 exclusion from WHT facility to hinder construction&#039; - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: A Pakistan Business Council (PBC) member has expressed concerns that the exclusion of engineering services from the government&#039;s reduced withholding tax facility will hinder the construction sector \u2014 a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/engineering-services-exclusion-reduced-wht-facility-hinder-construction-member-pbc.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=\"2020-06-22T12:41:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-22T12:41:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/PBC.png\" \/>\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\/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":"'Engineering services\u2019 exclusion from WHT facility to hinder construction' - Zameen News","description":"Lahore: A Pakistan Business Council (PBC) member has expressed concerns that the exclusion of engineering services from the government's reduced withholding tax facility will hinder the construction sector \u2014 a news source reported.","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\/engineering-services-exclusion-reduced-wht-facility-hinder-construction-member-pbc.html","og_locale":"en_US","og_type":"article","og_title":"'Engineering services\u2019 exclusion from WHT facility to hinder construction' - Zameen News","og_description":"Lahore: A Pakistan Business Council (PBC) member has expressed concerns that the exclusion of engineering services from the government's reduced withholding tax facility will hinder the construction sector \u2014 a news source reported.","og_url":"https:\/\/www.zameen.com\/news\/engineering-services-exclusion-reduced-wht-facility-hinder-construction-member-pbc.html","og_site_name":"Pakistan Real Estate News &amp; 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