New tax system causing investment to shift to UAE: PREIF
Karachi: Pakistan Real Estate Industry Forum (PREIF) has revealed that the new tax collection mechanism is responsible for causing a major shift of investment to the UAE, states a news report.
Reportedly, PREIF demanded that the tax ratio in the proposed amnesty scheme should be brought down to 2% on the difference of DC rate and FBR values. The body also asked the FBR to revise its valuation tables and increase these rates by 10% every year. Read more..
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