{"id":94498,"date":"2023-08-10T16:29:56","date_gmt":"2023-08-10T11:29:56","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=94498"},"modified":"2023-08-10T16:43:48","modified_gmt":"2023-08-10T11:43:48","slug":"fbr-says-no-tax-concessions-real-estate","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.html","title":{"rendered":"No exemptions, concessions for real estate sector on cards: FBR Chairman"},"content":{"rendered":"\n<p>Islamabad: Federal Board of Revenue (FBR) Chairman Malik Amjad Zubair Tiwana announced that currently, there would not be any new tax exemptions, concessions, or special tax treatments available due to the Stand-by Arrangement with the International Monetary Fund (IMF), according to a news article published on August 7.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-announces-delay-hike-immovables.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR postpones hike in immovable properties\u2019 valuation till September<\/a><\/p>\n\n\n\n<p>Following the instructions from the Minister of Finance and Revenue, the 90th meeting of the National Assembly Standing Committee on Finance and Revenue took place at the FBR Headquarters in Islamabad to address taxation issues related to real estate transactions. The FBR chairman presided over the meeting attended by a group of realtors led by the President of the Federation of Realtors Pakistan (FRP) Sardar Tahir Mehmood.<\/p>\n\n\n\n<p>The FRP president highlighted the challenges being faced by the entire real estate sector due to the currently deteriorating economic situation. He stated that the <a href=\"https:\/\/www.zameen.com\/news\/real-estate-taxes-need-serious-attention.html\" target=\"_blank\" rel=\"noreferrer noopener\">current taxation of immovable property<\/a> would need re-evaluation, pointing out that the real estate sector has historically been a significant source of both domestic and foreign investment. However, affected by the economic downturn, the delegation revealed that people have become less interested in investing in this sector. Another concern tabled before the meeting about was about recent taxation measures introduced through the Finance Act, 2022 and Finance Act, 2023.<\/p>\n\n\n\n<p>The delegation suggested scrapping taxes on deemed income from immovable property. They also proposed that the valuation table for properties should remain unchanged for now, or if there are any changes, they should be reasonable and made after consulting stakeholders.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/sindh-takes-charge-kutc-launch-kcr.html\" target=\"_blank\" rel=\"noreferrer noopener\">Sindh takes charge of KUTC to launch KCR project<\/a><\/p>\n\n\n\n<p>FBR Chairman Tiwana assured the delegates that the concerns would be addressed and that efforts would be made to provide the best possible assistance in resolving challenges related to implementing tax laws.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FBR held forth that due to the Finance Act, 2022 and Finance Act, 2023, the real sector will not be given any tax concessions.<\/p>\n","protected":false},"author":88,"featured_media":94499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[19230,2032],"persona":[],"class_list":{"0":"post-94498","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-federal-board-of-revenue-fbr","9":"tag-taxation-2","10":"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 Says No Tax Concessions for Real Estate - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR, in their recent session, said that due to a policy change, there is no tax concessions for the real estate sector.\" \/>\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-says-no-tax-concessions-real-estate.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR Says No Tax Concessions for Real Estate - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR, in their recent session, said that due to a policy change, there is no tax concessions for the real estate sector.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.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=\"2023-08-10T11:29:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-10T11:43:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/08\/News-Cover-1170x400-1.jpg\" \/>\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\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Zohaib Nasir\" \/>\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 Zohaib Nasir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR Says No Tax Concessions for Real Estate - Zameen News","description":"FBR, in their recent session, said that due to a policy change, there is no tax concessions for the real estate sector.","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\/fbr-says-no-tax-concessions-real-estate.html","og_locale":"en_US","og_type":"article","og_title":"FBR Says No Tax Concessions for Real Estate - Zameen News","og_description":"FBR, in their recent session, said that due to a policy change, there is no tax concessions for the real estate sector.","og_url":"https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2023-08-10T11:29:56+00:00","article_modified_time":"2023-08-10T11:43:48+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/08\/News-Cover-1170x400-1.jpg","type":"image\/jpeg"}],"author":"Muhammad Zohaib Nasir","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Muhammad Zohaib Nasir","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.html"},"author":{"name":"Muhammad Zohaib Nasir","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/e52d08c48c8141ff2bf4db7bff52ddc6"},"headline":"No exemptions, concessions for real estate sector on cards: FBR Chairman","datePublished":"2023-08-10T11:29:56+00:00","dateModified":"2023-08-10T11:43:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.html"},"wordCount":309,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/08\/News-Cover-1170x400-1.jpg","keywords":["Federal Board of Revenue (FBR)","taxation"],"articleSection":["Legal &amp; Taxation"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.html","url":"https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.html","name":"FBR Says No Tax Concessions for Real Estate - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/08\/News-Cover-1170x400-1.jpg","datePublished":"2023-08-10T11:29:56+00:00","dateModified":"2023-08-10T11:43:48+00:00","description":"FBR, in their recent session, said that due to a policy change, there is no tax concessions for the real estate sector.","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/08\/News-Cover-1170x400-1.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/08\/News-Cover-1170x400-1.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/fbr-says-no-tax-concessions-real-estate.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"No exemptions, concessions for real estate sector on cards: FBR Chairman"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/e52d08c48c8141ff2bf4db7bff52ddc6","name":"Muhammad Zohaib Nasir","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/WhatsApp-Image-2023-07-12-at-8.18.24-AM-96x96.jpeg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/WhatsApp-Image-2023-07-12-at-8.18.24-AM-96x96.jpeg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/WhatsApp-Image-2023-07-12-at-8.18.24-AM-96x96.jpeg","caption":"Muhammad Zohaib Nasir"},"description":"As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.","url":"https:\/\/www.zameen.com\/news\/author\/zohaib-nasir"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/94498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=94498"}],"version-history":[{"count":3,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/94498\/revisions"}],"predecessor-version":[{"id":94503,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/94498\/revisions\/94503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/94499"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=94498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=94498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=94498"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=94498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}