FBR

FBR New Property Valuation Rates in 42 Cities

The Federal Board of Revenue (FBR) is set to make significant changes to property valuation rates, increasing them by 20% to 100% across 42 major cities in Pakistan. This adjustment aims to reflect more accurate market values, thereby enhancing revenue from real estate transactions. What Are Property Valuation Rates? Property valuation rates are essential in determining the taxable value of properties....

Tax Evasion Scandal in Punjab Property Sector Scam in Real Estate Sector

Punjab Property Sector : Unveiling the Massive Withholding Tax Evasion Scandal

In a shocking revelation, the Federal Board of Revenue (FBR) recently exposed a colossal Withholding Tax (WHT) evasion scheme in Punjab property sector. The Regional Tax Office (RTO) in Sargodha carried out a comprehensive digital audit that shed light on a significant evasion of WHT amounting to billions of rupees. Unearthing the Scope of the Scandal The RTO successfully retrieved over PKR 388...