A blog about real estate, lifestyle and tourism in Pakistan | Feeta Blog

  • News
  • Construction
  • Tips & Advice
  • International
  • Amazing Design
  • Interior Decoration
  • Style Your Home
  • Design Ideas

Pakistan Allows Property Purchase for Overseas Non-Filers

Purchase-Property-in-Pakistan-allowed-for-Overseas-Pakistani-Non-Filers
feeta_admin
Wednesday, 05 May 2021 / Published in Featured, International, Market Overview, News, Real Estate Trends, Tips & Advice

Pakistan Allows Property Purchase for Overseas Non-Filers

Property Purchase Decision in Pakistan, FBR (Federal Board of Revenue) publishes a circular in which they clearly allowed foreign buyers of real estate to buy real estate more than 5 million, advertised in news stations. The requirement to be a registrant of income tax returns for inheriting property above the declared price measurement was also abolished.

The main concern about lifting the ban is aimed at easing the investment conditions of the real estate market, which is seeking attention for the foreign Pakistanis. This ban was established by the previous government to try to increase the number of taxpayers.

Read: Investing in Real Estate: 9 Simple Techniques [Guide]

The detailed information on allowing foreign non-registrants to buy property in Pakistan was shared by a circular issued on October 24, 2018, saying that the restriction to non-registrant for purchase of property worth more than 5 million was revoked for legal acquisition of property and non-resident Pakistanis.

These limits will not apply to foreign Pakistanis who will create a bank certificate as proof of foreign currency sent by other countries through common banking means. The certificate was divided into 60 days the date of presentation or shipment of fixed assets estimated at more than 50 million PKR.

The banks were also given instructions to provide a list containing details of deposits collecting Rs10m or more made during the calendar month and a list of payment made by anyone against credit card bills collecting Rs200,000 or more during the previous calendar month. They will also provide a list of people who receive a benefit due to debt exceeding Rs1m for registrants and Rs500,000 for non-registrants along with information on tax deductions during the previous financial year. The information will be given monthly.

By improvement, the government has allowed taxpayers to reconsider a tax return voluntarily until December 31, 2018, along with the payment of a higher tax rate that is 25pc greater than the tax paid with income based on income. In case no tax is payable, the taxpayer will have to pay 2pc of the turnover.

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.

What you can read next

Creatively-Colourful-Interiors-Inspiration-4-Home-Tours
Creatively Colourful Interiors Inspiration: 4 Home Tours
Can-foreigners-acquire-land-ownership-rights-in-Pakistan
Can Foreigners Acquire Land Ownership Rights in Pakistan?
Buying a house in Lahore
Buying a house in Lahore

Style Your Home - Gallery

Planos de la casa Parcela 10x20m con 3 habitaciones – Sam House Plans

Planos de la casa Parcela 10x20m con 3 habitaciones – Sam House Plans

Source: samhouseplans.com

Pin #700169073308717051

Source: heavenlyhomediy.club

RIMADESIO

Source: behance.net

Pin #700169073308717061

Source: qanvast.com

RIMADESIO

Source: behance.net

Pin #700169073308716960

Source: welcomemyblog.com

Luxury Plan Of 2bhk House (7) Meaning

Luxury Plan Of 2bhk House (7) Meaning

Source: dreemingdreams.blogspot.com

Marvelous Floor Plans For 20 X 60 House | Plan | Pinterest | House, Indian 1200 Sq Ft House Plan 20×60 Picture – House Floor Plan Ideas

Marvelous Floor Plans For 20 X 60 House | Plan | Pinterest | House, Indian 1200 Sq Ft House Plan 20×60 Picture – House Floor Plan Ideas

Source: ilanawrites.com

Hidden Room Under the Stairs : 11 Steps (with Pictures) – Instructables

Hidden Room Under the Stairs : 11 Steps (with Pictures) – Instructables

Source: instructables.com

We love these pendants so much, we’ve got them all over our studio! We love their metal shade and the warm glow they put off. Looks great on its own…

We love these pendants so much, we’ve got them all over our studio! We love their metal shade and the warm glow they put off. Looks great on its own or in a set! Stunning in all finishes.

Source: homedecorcatalog.top

Pin #700169073308717026

Source: ergoarchitecture.com.au

Pin #700169073308716926

Pin #700169073308716948

Source: nextluxury.com

I-8 Sector Islamabad Ground Portion Available For Rent

I-8 Sector Islamabad Ground Portion Available For Rent

Amazing Bathroom Shower Ideas

Amazing Bathroom Shower Ideas ideas ideasdecor

Source: amazydeas.com

naval anchorage 1.5 house plan, naval anchorage 2 kanal house plan, naval anchorage house plan,

naval anchorage 1.5 house plan, naval anchorage 2 kanal house plan, naval anchorage house plan,

Source: gloryarchitecture.blogspot.com

Pin #700169073308717039

Source: sebringdesignbuild.com

Tiny room inside a light socket

Tiny room inside a light socket

Source: dogstrainingtools.tk

Dha Lahore Defence Beautiful Houses Available in Dha Lahore Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 Phase 6 Phase 7 Phase 8 Phase 9New and Old Houses…

Dha Lahore Defence Beautiful Houses Available in Dha Lahore Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 Phase 6 Phase 7 Phase 8 Phase 9New and Old Houses 4 Kanal 2 Kanal 1 Kanal 14 Marla 10Marla 7 Marla 5 Marla for Sale more information plz Call Faraz +923214000646 – DHA Real Estate.pk

Source: dharealestate.pk

Vertical flag

Our latest model

Source: chunkyshelves.com

GOSSIP

  • News
  • Construction
  • Tips & Advice
  • International
  • Amazing Design
  • Interior Decoration
  • Style Your Home
  • Design Ideas
TOP