This is for general information of all the Construction firms registered with the Construction Development Board that as per directive of the Department of Revenue and Customs vide their letter No. DRC/TAX-A&L/CL/2012/397 dt. 26th July 2012, the five percent (5%) transfer tax exemption on change in registration of Vehicles and equipments for BIT construction entities will be considered upto 30th September 2012.
Therefore, all concerned construction firms wishing to incorporate with the registrar of companies are requested to note the dateline as the Department of Revenue and Customs shall not entertain the 5% transfer tax exemption beyond 30th September 2012.
Construction Development Board.