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Pakistan delays new tax law affecting property transactions, giving FBR time to develop required systems.
The National Assembly in Pakistan has delayed approving a new tax law amendment that would restrict property transactions without proof of funds, giving the Federal Board of Revenue (FBR) two months to develop necessary online systems.
The decision provides relief to the real estate sector, as the FBR works on technological changes to implement the new rules and set thresholds that won't affect lower- and middle-income classes.
The amendment will not take effect until the government sets these thresholds.
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Pakistán retrasa la nueva ley fiscal que afecta a las transacciones inmobiliarias, dando a FBR tiempo para desarrollar los sistemas requeridos.