Realtors are now bound to inform FBR about their every deal | FBR CHAIRMAN SHABBAR ZAIDI | FBR TAXES

Real estate agents and jewellers: FBR decides to completely document businesses

Federal Board of Revenue (FBR) has decided to completely document business of real estate agents and jewellers, who would be required to maintain record of actual beneficial owners of immovable properties and jewelry, respectively, and report all suspicious transactions of their buyers/ sellers to the FBR.

The FBR has issued SRO 1320(1)2019 here on Friday to issue draft amendments in the Income Tax Rules, 2002.

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