Ordinance notified to extend tax amnesty for the construction sector
ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified changes created through a presidential ordinance to tax amnesty theme on the market to developers and builders.
The Presidential Ordinance has been publicised on the day, 2021, that is named because the tax (Amendment) Ordinance, 2021 and it's been enforced from Jan 01, 2021.
Through the ordinance, amendments are created to tax Ordinance, 2001.
According to this, modification has been created to Section 100D of tax Ordinance, 2001, the completion of the project for availing amnesty on invested with quantity has been extended to Sep thirty, 2023 from Sep thirty, 2022.
The date has additionally been extended for the amnesty on investment created in a very public housing up to June thirty, 2021 from the date of December 31, 2020.
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