{"id":67275,"date":"2020-06-29T13:45:00","date_gmt":"2020-06-29T08:45:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=67275"},"modified":"2020-06-29T14:25:42","modified_gmt":"2020-06-29T09:25:42","slug":"finance-bill-2020-more-relief-measures-construction-industry","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/finance-bill-2020-more-relief-measures-construction-industry.html","title":{"rendered":"Finance Bill 2020: More relief measures for construction industry"},"content":{"rendered":"\n<p>Islamabad: The federal government has introduced additional provisions in the Finance Bill 2020 to further provide relief for the construction industry and other sectors of the economy before the final vote takes place on Monday (June 29) \u2014 a news source reported.&nbsp;<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/budget-2020-21-relief-measures-for-real-estate-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">Budget 2020-21: Relief measures announced for real estate, construction sectors<\/a><\/p>\n\n\n\n<p>Of the various measures introduced for the construction sector, one includes an additional reduction in the Federal Excise Duty (FED) for cement, from Rs1.75 per kg to Rs1.5 per kg in the budget. In the initial announcement, the proposed reduction had been from PKR 2 per kg to PKR 1.75.<\/p>\n\n\n\n<p>The government has further proposed an income tax exemption for the Naya Pakistan Housing and Development Authority. The authorities have also decided to allow limited liability companies to avail the construction-related tax amnesty.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/wp-admin\/edit.php?action2=-1&amp;action=-1&amp;cat=0&amp;m=0&amp;paged=1&amp;post_format&amp;post_status=all&amp;post_type=post&amp;readability_filter&amp;s=relief+construction&amp;seo_filter\" target=\"_blank\" rel=\"noreferrer noopener\">Construction industry relief package to buffer Pakistan\u2019s economy against major blows: Moody\u2019s<\/a><\/p>\n\n\n\n<p>Additionally, the government has extended the withholding income tax and sales tax exemptions on the supply of sand, stone crush, clay, and mud goods, as well as for the daily wagers, artisans, plumbers, and electricians working in the construction sector. However, the people providing these goods and services will still have to submit their CNICs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government has introduced additional provisions in the Finance Bill 2020 to further provide relief for the construction industry and other sectors of the economy before the final vote takes place on Monday (June 29) \u2014 a news source reported.&nbsp; Read: Budget 2020-21: Relief measures announced for real estate, construction sectors Of the various measures introduced for the construction sector, one includes an additional reduction in the Federal Excise Duty (FED) for cement, from Rs1.75 per kg to Rs1.5 per kg in the budget. In the initial announcement, the proposed reduction had been from PKR 2 per kg to PKR 1.75. The government has further proposed an income tax exemption for the Naya Pakistan Housing and Development Authority. The authorities have also decided to allow limited liability companies to avail the construction-related tax amnesty. Read: Construction industry relief package to buffer Pakistan\u2019s economy against major blows: Moody\u2019s Additionally, the government has extended the withholding income tax and sales tax exemptions on the supply of sand, stone crush, clay, and mud goods, as well as for the daily wagers, artisans, plumbers, and electricians working in the construction sector. However, the people providing these goods and services will still have&hellip;<\/p>\n","protected":false},"author":57,"featured_media":60701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[33050,33066,33064,33065,15023],"persona":[],"class_list":{"0":"post-67275","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-finance-bill-2020-more-relief-measures-for-construction-industry","9":"tag-government-measures-to-promote-activity-in-construction-sector","10":"tag-relief-for-construction-industry","11":"tag-relief-for-real-estate-sector","12":"tag-slider","13":"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>Finance Bill 2020: More relief for construction industry - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government has introduced additional provisions in the Finance Bill 2020 to further provide relief for the construction industry and other sectors of the economy before the final vote takes place on Monday (June 29) \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\/finance-bill-2020-more-relief-measures-construction-industry.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Bill 2020: More relief for construction industry - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government has introduced additional provisions in the Finance Bill 2020 to further provide relief for the construction industry and other sectors of the economy before the final vote takes place on Monday (June 29) \u2014 a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/finance-bill-2020-more-relief-measures-construction-industry.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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