The decision to bring the real estate sector into the tax net, the government assured the IMF

Islam Abad (94 news) The government assured the IMF to bring the real estate sector under the tax net.

According to the details, the third day of the economic review talks between Pakistan and the IMF is ongoing, on this occasion the government has assured that the budget for the new financial year will include important measures related to the real estate sector. IMF has also assured registration of all housing societies. For non-filers, tax on sale and purchase of property has been proposed to be increased, while the proposal to purchase property through bank transfer instead of cash is under consideration. Tax on real estate sector will be coordinated between federal and provincial governments, registration of property agents, tax on sale and purchase of files has been proposed, the budget of the new financial year will include important measures related to real estate sector.