{"id":91684,"date":"2023-01-23T16:26:56","date_gmt":"2023-01-23T11:26:56","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=91684"},"modified":"2023-01-23T16:26:57","modified_gmt":"2023-01-23T11:26:57","slug":"fbr-property-tax-2022","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-property-tax-2022.html","title":{"rendered":"FY2021-22: FBR collects PKR 81 bn from property transactions"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) has collected PKR 81 billion during the fiscal year (FY) 2021-22 from property transactions, news sources reported on January 23.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/tax-gap-analysis-2022-fbr-income-tax.html\" target=\"_blank\" rel=\"noreferrer noopener\">Tax Gap Analysis-2022: FBR reports PKR 28 bn income tax shortfall for salaried class<\/a><\/p>\n\n\n\n<p>The official number released by the FBR revealed that the income tax collection from the sale and purchase of <a href=\"https:\/\/www.zameen.com\/news\/fbr-lahore-immovable-property-rate.html\" target=\"_blank\" rel=\"noreferrer noopener\">immovable properties increased by 33%<\/a> to PKR 81.20 billion during the tax year 2022 as compared with PKR 61.15 billion during the tax year 2020-21. The taxes were collected in terms of withholding tax on the sale, purchase, and transfer of immovable properties under Section 236-C and Section 236-K of the Income Tax Ordinance, 2001.<\/p>\n\n\n\n<p>The documents revealed the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tax collection under Section 236-C of the ordinance jumped up by 37% to PKR 16.62 billion during the tax year 2022, as compared to the revenue generated in the preceding year<\/li>\n\n\n\n<li>Tax collection under Section 236-K of the ordinance increased by 32% to PKR 64.58 billion during the tax year 2022, as compared to the revenue generated in the preceding year<\/li>\n<\/ul>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-introduces-new-exercise-tax-base.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR introduces new exercise to expand tax base<\/a><\/p>\n\n\n\n<p>It is important to note that the government has doled out a massive subsidy to the construction industry during the previous year that also included FBR income source amnesty and lowering of taxes on immovable property.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has collected PKR 81 billion during the fiscal year (FY) 2021-22 from property transactions, news sources reported on January 23.\u00a0 Read: Tax Gap Analysis-2022: FBR reports PKR 28 bn income tax shortfall for salaried class The official number released by the FBR revealed that the income tax collection from the sale and purchase of immovable properties increased by 33% to PKR 81.20 billion during the tax year 2022 as compared with PKR 61.15 billion during the tax year 2020-21. The taxes were collected in terms of withholding tax on the sale, purchase, and transfer of immovable properties under Section 236-C and Section 236-K of the Income Tax Ordinance, 2001. The documents revealed the following: Read: FBR introduces new exercise to expand tax base It is important to note that the government has doled out a massive subsidy to the construction industry during the previous year that also included FBR income source amnesty and lowering of taxes on immovable property.\u00a0<\/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":[15015],"tags":[56024,56027,56025,54453,55066,55434,56026],"persona":[],"class_list":{"0":"post-91684","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-the-taxes-were-collected-in-terms-of-withholding-tax-on-the-sale","9":"tag-56027","10":"tag-and-transfer-of-immovable-properties-under-section-236-c-and-section-236-k-of-the-income-tax-ordinance","11":"tag-fbr-news-and-updates","12":"tag-fbr-property-tax","13":"tag-fbr-updates","14":"tag-purchase","15":"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>FBR collects PKR 81 bn from property tax- Zameen News<\/title>\n<meta name=\"description\" content=\"The FBR property taxes were collected in terms of withholding tax on the sale, purchase, and transfer of immovable properties under Section..\" \/>\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-property-tax-2022.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR collects PKR 81 bn from property tax- Zameen News\" \/>\n<meta property=\"og:description\" content=\"The FBR property taxes were collected in terms of withholding tax on the sale, purchase, and transfer of immovable properties under Section..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-property-tax-2022.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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