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Tax registration made compulsory for property investors: Miftah

Tax registration made compulsory for property investors: Miftah

ISLAMABAD: Adviser to Prime Minister on Finance, Revenue and Economic Affairs Dr Miftah Ismail has said that people have to get registered with tax authorities for purchasing immovable properties.

For purchasing property citizens would have to make tax registration, he said while talking to a private news channel. He said that all efforts were being made to expand tax network and check tax evaders in the country. He said that modern technology would help bring more people into tax net.

There were 700,000 filers paying tax along with returns in the country and that the figure would be increased through using modern technology, he said.

The credit goes to the present government for announcing tax amnesty scheme, he said.

The target has been set to collect Rs4000 billion tax this year, he said. Due to the prudent policies of present government and added the exports had been increased to 23.9 per cent.

“We have also set targets to achieve 5.6 per cent growth rate this year,” he added.

Commenting on China Pakistan Economic Corridor, he said many roads and infrastructure development projects, have been completed under CPEC.

Miftah said India was spreading negative propaganda against Pakistan to halt economic progress including CPEC.