FBR releases procedure, collection of capital value tax

ISLAMABAD: The Federal Board of Revenue (FBR) has released the procedure and collection of capital value tax (CVT). The government through Finance Act, 2022 imposed capital value tax on sale of immovable properties and motor vehicles. Following are the procedure and collection of the CVT. Declaration of assets. – (1) Every person who is liable to pay capital value tax on assets mentioned in clauses … Continue reading FBR releases procedure, collection of capital value tax