{"id":88065,"date":"2022-08-18T12:33:39","date_gmt":"2022-08-18T07:33:39","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=88065"},"modified":"2022-08-18T12:33:44","modified_gmt":"2022-08-18T07:33:44","slug":"fbr-developers-builders-annual-registration","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-developers-builders-annual-registration.html","title":{"rendered":"FBR spares developers, builders from renewal of annual registration"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) on Wednesday (August 17) issued a notification sparing developers and builders from annually renewing their registration with the authority, news sources reported.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-monitoring-dnfbps-fatf-goals.html\" data-type=\"post\" data-id=\"81264\" target=\"_blank\" rel=\"noreferrer noopener\">FBR increases monitoring of DNFBPs to meet FATF targets<\/a><\/p>\n\n\n\n<p>The FBR has permitted all development authorities, cooperative housing schemes, and societies registered with the FBR as <a href=\"https:\/\/www.zameen.com\/news\/fbr-restricts-nocs-non-registered-housing-authorities.html\" data-type=\"post\" data-id=\"84216\" target=\"_blank\" rel=\"noreferrer noopener\">Designated Non-Financial Businesses and Professions (DNFBPs) <\/a>to continue their operations.<\/p>\n\n\n\n<p>According to the FBR, any entity registered as a DNFBP with the FBR retains its registration until the FBR deregisters it, and there is no need to renew the registration each year. The DNFBP that ceases operations must notify the appropriate Directorate of the DNFBPs, who will de-register the said businesses, subject to sufficient verification.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-restricts-nocs-non-registered-housing-authorities.html\" data-type=\"post\" data-id=\"84216\" target=\"_blank\" rel=\"noreferrer noopener\">FBR bars issuance of NOCs to non-registered housing authorities, societies<\/a><\/p>\n\n\n\n<p>It is vital to note that the government required all real estate brokers and developers to register with FBR as DNFBR to discourage the use of real estate for unlawful operations under Financial Action Task Force (FATF) guidelines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) on Wednesday (August 17) issued a notification sparing developers and builders from annually renewing their registration with the authority, news sources reported. Read: FBR increases monitoring of DNFBPs to meet FATF targets The FBR has permitted all development authorities, cooperative housing schemes, and societies registered with the FBR as Designated Non-Financial Businesses and Professions (DNFBPs) to continue their operations. According to the FBR, any entity registered as a DNFBP with the FBR retains its registration until the FBR deregisters it, and there is no need to renew the registration each year. The DNFBP that ceases operations must notify the appropriate Directorate of the DNFBPs, who will de-register the said businesses, subject to sufficient verification. Read: FBR bars issuance of NOCs to non-registered housing authorities, societies It is vital to note that the government required all real estate brokers and developers to register with FBR as DNFBR to discourage the use of real estate for unlawful operations under Financial Action Task Force (FATF) guidelines.<\/p>\n","protected":false},"author":84,"featured_media":75334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[3362,53640,53639],"persona":[],"class_list":{"0":"post-88065","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-fbr","9":"tag-fbr-annual-registration","10":"tag-fbr-registration","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>FBR spares developers, builders from registration renewal- Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) on Wednesday (August 17) issued a notification sparing developers and builders from annually renewing their\" \/>\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\/fbr-developers-builders-annual-registration.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR spares developers, builders from registration renewal- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) on Wednesday (August 17) issued a notification sparing developers and builders from annually renewing their\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-developers-builders-annual-registration.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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