26/08/2020
Sindh Finance Bill 2020 passed to abolish CVT on construction, real estate sectors. Karachi: The Sindh Assembly on Monday passed the Sindh Finance Bill 2020 to abolish the capital value tax (CVT) imposed on the province’s construction and real estate sectors. According to details, the provincial government aims to promote the two sectors by helping around 40 ancillary businesses. Sindh Revenue Minister Mehboob Uzaman stated that the provincial government had waived off PKR 5 billion in taxes for the construction and real estate sectors from its revenue collections.