FBR Game Changing move: Non -filers can now buy up to PKR 1 crore property
The Federal Board of Revenue (FBR) has changed a historic policy, allowing non -filers to be allowed Purchased property PKR 1 million (10 million) valuable. It is expected that the move will increase the property of the property, increase the transparency of the market and to raise the property sector in Pakistan.
Why is this important | FBR allows non -filers?
✅ ✅ Extends investment opportunities -Non -filers can now legally invest in the property without any restriction.
✅ ✅ Increasing the transparency of the market – Black money is to reduce circulation and improve financial monitoring.
✅ ✅ Rehabilitation of the real estate market – Expected to increase property transactions and attract new investors.
The decision -making process
The policy was approved during the National Assembly’s Standing Committee on the Finance and Revenue Meeting headed by MNA Naveed Qamar. A subcommittee has been handed over to the timelines to finalize the quality of eligibility and to cooperate. Association of Builders and Developers (Abdul) Bill 2024 under tax law (amendment).
Government plans for strong implementation of tax
To ensure compliance and reduce the flow of black money, the government plans to hire 1,600 new auditors to stabilize tax enforcement agencies in the real estate sector. Although non -filer PKR can invest up to 1 million, there are restrictions on major property transactions to ensure financial transparency.
Challenges and future steps
Although the move has been widely welcomed, concerns are about the risk of corruption and the challenges of implementation. The Sub -Committee will make regular meetings to address industry concerns and improve the policy framework.
Final views for FBR allow non -filers
FBR policy update Pakistan’s property is a significant change in the landscape. By allowing non -filers to buy property, the government is working to increase the tax net, organize transactions and increase economic growth.
Be updated for further developments as details of implementation come out in the coming weeks!
