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Pakistan Extends Tax Plan for Construction Industry for a Year

Dec. 31, 2020, 11:42 AM

The fixed tax regime for construction industry extended for a year till December 2021, Prime Minister Imran Khan says in televised comments.

  • Extends incentives to real estate buyers that government won’t ask them source of income till March 2023
  • Disclosing source of income of investment under Section 111 extended till June 2021
  • NOTE: Pakistan first cut taxes on construction companies and opened the industry in April, following a shut down to contain spread of coronavirus
  • READ: Pakistan Cuts Taxes on Construction Industry to Boost Economy
  • READ; Pakistan Opens Factories Amid Virus Lockdown as Exports Drop (1)

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