Tahir Islam Bokhari replied on Sunday, July 31, 2016 09:37 PM
Dear Ahmad Hassan and Hussan HC Sb, The real issue is not the New Tax Rates, as they would not make much difference as compared to Previous Tax Rates. But the real issue is the confusion among investors regarding additional amount of tax they would have to pay in a single property transaction. Fortunately, the new agreement with Govt. has cleared the dust, and the situation remained almost the same with just a little more taxes. But unfortunately, some of us are working hard to maintain and create further confusion. I would request my friends to avoid adding the confusion by presenting inconsistent arguments. Dear Ahmad Hassan sb, people cannot blamed for: 1. Silence/Deadlock in the Market from last month 2. Pakistan's external debts crossed 76$ figure 3. No power and gas for new societies 4. Export reduced 20% 5. No Jobs Created/Unemployment. No sane person can deny that he should pay the taxes, but everyone wants that the taxation system should be transparent. But you seem to advocate paying taxes as a penalty for bad governance. Also, the infrastructure development in Lahore is being done by Punjab Govt, but the New Tax issues are related to the Federal Govt. It means that the new taxes are not supposed to pay the cost of Development in Lahore. I would suggest you to please think before you write anything in this forum, as such confusing statements may create further confusion in the real estate market, which would be damaging for our economy rather than strengthening it. |