{"id":69307,"date":"2020-08-17T12:57:00","date_gmt":"2020-08-17T07:57:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=69307"},"modified":"2020-08-17T12:59:27","modified_gmt":"2020-08-17T07:59:27","slug":"response-construction-industry-relief-package-encouraging-fbr","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/response-construction-industry-relief-package-encouraging-fbr.html","title":{"rendered":"Response to construction industry relief package encouraging: FBR"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) on Thursday announced that it had received an \u201cimpressive response\u201d from the local business community with regard to the construction industry incentive package; further stating that about 40 projects had registered with the taxation agency in order to avail the said relief scheme, a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fixed-tax-scheme-construction-sector-fbr-explains-rules-availing-exemption.html\" target=\"_blank\" rel=\"noreferrer noopener\">Fixed Tax Scheme for Construction Sector: FBR explains rules for availing exemption<\/a><\/p>\n\n\n\n<p>It said that the drafts for more than 4,800 other projects for registration through the IRIS system were in the pipeline. Moreover, one purchaser had submitted his declaration, while another 279 were preparing drafts under IRIS system.<\/p>\n\n\n\n<p>Both federal and provincial governments have announced a number of incentives on the purchase of plots as well as new housing units. As long as applicants meet certain requirements, FBR will not question their sources of income for investments in the construction sector.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pm-reviews-activities-initiated-construction-package-announcement.html\" target=\"_blank\" rel=\"noreferrer noopener\">PM reviews activities initiated in wake of construction package announcement<\/a><\/p>\n\n\n\n<p>Private builders and developers can also avail fixed tax regime and register their projects through the FBR\u2019s IRIS system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) on Thursday announced that it had received an \u201cimpressive response\u201d from the local business community with regard to the construction industry incentive package; further stating that about 40 projects had registered with the taxation agency in order to avail the said relief scheme, a news source reported. Read: Fixed Tax Scheme for Construction Sector: FBR explains rules for availing exemption It said that the drafts for more than 4,800 other projects for registration through the IRIS system were in the pipeline. Moreover, one purchaser had submitted his declaration, while another 279 were preparing drafts under IRIS system. Both federal and provincial governments have announced a number of incentives on the purchase of plots as well as new housing units. As long as applicants meet certain requirements, FBR will not question their sources of income for investments in the construction sector. Read: PM reviews activities initiated in wake of construction package announcement Private builders and developers can also avail fixed tax regime and register their projects through the FBR\u2019s IRIS system.<\/p>\n","protected":false},"author":57,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[37043,19230,37044],"persona":[],"class_list":{"0":"post-69307","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-construction-incentive-package","9":"tag-federal-board-of-revenue-fbr","10":"tag-response-to-construction-industry-relief-package-encouraging-fbr","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Response to construction industry relief package encouraging: FBR - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) on Thursday announced that it had received an \u201cimpressive response\u201d from the local business community with regard to the construction industry incentive package; 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