FBR issues clarification regarding extension in Construction Sector Amnesty scheme

Pakistan’s Tax Watchdog, Federal Board of Revenue has issued a clarification in relation to the Prime Minister’s Construction package extension.

FBR issued a press release yesterday, where it was explained that last date for seeking amnesty by builders/developers from probing their source of funds by FBR and availing fixed tax regime has been extended from 31st December 2020 to 30th June 2021.

Likewise, the last date for builders/developers willing to avail the benefit of fixed tax regime has been extended from 31st December 2020 to 31st December 2021. FBR has further mentioned that the last date for completion of projects has been extended from 30th September 2022 to 30th September 2023 and the last date for buyers of housing units and plots has been extended from 30th September 2022 to 30th March 2023.

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