Immovable property deals: FBR can no more collect CVT

Posted by property | Posted in Real Estate | Posted on 07-06-2010-05-2008

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Immovable property deals: FBR can no more collect CVT
ISLAMABAD (June 07 2010): The Federal Board of Revenue (FBR) is no more empowered to collect 4 percent capital value tax (CVT) on immovable property, as powers to collect the CVT on property have been transferred to provinces under the 18th Constitutional amendment.
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