Tax exemptions on REIT, collective investment schemes surge 209%
KARACHI: The income tax exemptions granted to collective investment and Real Estate Investment Trust (REIT) schemes during the fiscal year 2020/21 registered a growth of 209 per cent to Rs16.17 billion, compared with Rs5.23 billion in 2019/20. According to the official documents, the Federal Board of Revenue (FBR) allowed these exemptions against those schemes that … Read more