FBR issues enactment notification of Income Tax Amendment Bill 2016

Dunya News

The bill was enacted on December 6 after President Mamnoon Hussain signed the draft

ISLAMABAD (Dunya News) – Federal Board of Revenue (FBR) has issued notification of Income Tax Amendment Bill 2016 on Friday.

According to the notification, Section 236-W has been added in the Amendment Bill 2016 which permits the people to pay three percent tax on properties and join the tax base without any objection from any government institution.

The bill was enacted on December 6 after President Mamnoon Hussain signed the draft that was approved by the parliament.