FBR to initiate crackdown on non-taxable commercial property owners  

Joined: 5 years  ago
Posts: 694
03/03/2021 3:01 pm  

According to a published news article, the Federal Tax Entry (FBR) has announced its intention to collect records of all non-taxable commercial property owners in Lahore to expand their tax base.

The tax office wants to track a landlord who has received millions of dollars in rental income but has not filed a declaration. Those involved will be subject to legal influence.

Read: LDA City Naya Pakistan Project: Approved Rs 10 billion for 4,000 apartments 

The board also contacts the Punjab Excise and Taxation Department and the Lahore Development Authority (LDA) to learn more about Lahore's commercial property owners.

In related developments, the FBR exceeded its revenue collection target by generating a revenue of PKR 291.6 billion PKR for PKR 2.8 billion PKR in the first eight months of the fiscal year (2020-21).

Visit the Red Marketing & Real Estate website for valuable content on a real estate plan and further follow-up.

Subscribe Our Youtube Channel
Red Marketing & Real Estate Youtube Channel
Follow Our Official Twitter
Red Marketing & Real Estate Twitter Page
Like Our Official Facebook Page
Red Marketing & Real Estate Facebook Page

Topic Tags
contact us