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Govt is Finalizing Tax Incentives in the Coming Budget to Improve Economy
The government is finalizing tax incentives to attract foreign investment, facilitate the corporate sector, development of the capital market, documentation of the real estate sector and promote the real estate investment trusts (REITs) in the budget (2021-22).
During the ongoing budget exercise, the Federal Board of Revenue (FBR) has decided to incorporate certain proposals of the Securities and Exchange Commission of Pakistan (SECP) in the upcoming budget (2021-22).
The FBR is presently reviewing the budget proposal of the SECP for incorporation in the Finance Bill, 2021.
According to the SECP budget proposals received at the FBR House, to create a level playing field and promote the development of regulated non-bank financial market and corporate sector, the SECP every year collects, reviews and submits tax proposals relating to its regulated sectors to the FBR.
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