Pakistan’s Prime Minister announced an extension in the tax amnesty scheme for the construction industry till June 2021 and the fixed tax regime to 31 December 2021. He termed it a âNew Yearâs giftâ for the construction industry.
The PM said in an address to the nation that on the demand of the construction industry; (i) fixed tax regime has been extended till December 31, 2021, and; (ii) exemption under Section-111 from disclosing the source of income of investment has been extended till June 30, 2021; (iii) projects completion date of September 30, 2023 has been extended by a year more, and; (iv) exemption for disclosing the source of investment for buyers has been extended till March 31, 2023.
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