Sales tax exemption notified

By Admin -
Sales tax exemption notified
The FBR on Monday issued a notification for exemption of sales tax on services of property developers and promoters in the federal capital.

Amid the ongoing coronavirus pandemic, the government implemented an amnesty scheme along with a string of relief measures to promote the construction sector which offers employment to a large number of labourers.

As per the decision, property developers and promoters as well as allied services of low-cost housing schemes, will not pay any sales tax on services. The Naya Pakistan Housing Development Authority or government’s Ehsaas Programme will approve or finance these schemes.

No one will claim input tax adjustment or refund in case of availing the exemption.

The provincial governments will notify the exemption of sales tax on services for their respective provinces.

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