{"id":68547,"date":"2020-07-27T12:54:51","date_gmt":"2020-07-27T07:54:51","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=68547"},"modified":"2020-07-27T12:54:54","modified_gmt":"2020-07-27T07:54:54","slug":"kp-govt-approves-pkr-8-bn-tax-relief-property-transfers","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/kp-govt-approves-pkr-8-bn-tax-relief-property-transfers.html","title":{"rendered":"KP govt approves PKR 8 bn in tax relief on property transfers"},"content":{"rendered":"\n<p>Peshawar: The Khyber Pakhtunkhwa (KP) government has approved PKR 8 billion in tax relief on property transfers with an aim to boost the workings of the construction sector \u2014 a news source reported on July 26. Under the package, the government has withdrawn 0.5% in registration fees and 2% of the local council tax previously applicable on all property transfers.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/kp-announces-pkr-4bn-relief-package-construction-industry.html\" target=\"_blank\" rel=\"noreferrer noopener\">KP announces PKR 4bn relief package for construction industry<\/a><\/p>\n\n\n\n<p>The government has also introduced reduced rates of sales tax on services for the construction sector and decreased the rate of capital value tax to 0.<\/p>\n\n\n\n<p>Additionally, in order to improve the ease of doing business (particularly for the construction sector), the government is planning on eliminating multiple taxes and launching a one-window cell for convenience.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-details-construction-industry-relief-package.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR shares details on historic relief package announced for construction industry<\/a><\/p>\n\n\n\n<p>The new construction package has been prepared on the directions of Prime Minister Imran Khan and the package is based on the measures introduced by the Punjab government; albeit with improvements and adapted to KP\u2019s laws.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peshawar: The Khyber Pakhtunkhwa (KP) government has approved PKR 8 billion in tax relief on property transfers with an aim to boost the workings of the construction sector \u2014 a news source reported on July 26. Under the package, the government has withdrawn 0.5% in registration fees and 2% of the local council tax previously applicable on all property transfers. Read: KP announces PKR 4bn relief package for construction industry The government has also introduced reduced rates of sales tax on services for the construction sector and decreased the rate of capital value tax to 0. Additionally, in order to improve the ease of doing business (particularly for the construction sector), the government is planning on eliminating multiple taxes and launching a one-window cell for convenience. Read: FBR shares details on historic relief package announced for construction industry The new construction package has been prepared on the directions of Prime Minister Imran Khan and the package is based on the measures introduced by the Punjab government; albeit with improvements and adapted to KP\u2019s laws.<\/p>\n","protected":false},"author":57,"featured_media":60519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[35708,19374,35710,35709],"persona":[],"class_list":{"0":"post-68547","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-construction-package-kp","9":"tag-khyber-pakhtunkhwa-kp","10":"tag-kp-govt-approves-pkr-8-bn-in-tax-relief-on-property-transfers","11":"tag-tax-relief","12":"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>KP govt approves PKR 8 bn tax relief on property transfers - Zameen News<\/title>\n<meta name=\"description\" content=\"Peshawar: The Khyber Pakhtunkhwa (KP) government has approved PKR 8 billion in tax relief on property transfers with an aim to boost the workings of the construction sector \u2014 a news source reported on July 26.\" \/>\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\/kp-govt-approves-pkr-8-bn-tax-relief-property-transfers.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KP govt approves PKR 8 bn tax relief on property transfers - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Peshawar: The Khyber Pakhtunkhwa (KP) government has approved PKR 8 billion in tax relief on property transfers with an aim to boost the workings of the construction sector \u2014 a news source reported on July 26.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/kp-govt-approves-pkr-8-bn-tax-relief-property-transfers.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=\"2020-07-27T07:54:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-27T07:54:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/kpk.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":"KP govt approves PKR 8 bn tax relief on property transfers - Zameen News","description":"Peshawar: The Khyber Pakhtunkhwa (KP) government has approved PKR 8 billion in tax relief on property transfers with an aim to boost the workings of the construction sector \u2014 a news source reported on July 26.","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\/kp-govt-approves-pkr-8-bn-tax-relief-property-transfers.html","og_locale":"en_US","og_type":"article","og_title":"KP govt approves PKR 8 bn tax relief on property transfers - Zameen News","og_description":"Peshawar: The Khyber Pakhtunkhwa (KP) government has approved PKR 8 billion in tax relief on property transfers with an aim to boost the workings of the construction sector \u2014 a news source reported on July 26.","og_url":"https:\/\/www.zameen.com\/news\/kp-govt-approves-pkr-8-bn-tax-relief-property-transfers.html","og_site_name":"Pakistan Real Estate News &amp; 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