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President promulgates Tax Laws Ordinance 2020 for the construction industry

Islamabad: President Arif Alvi recently promulgated the Tax Laws Ordinance 2020 for the country’s construction industry; wherein the government has introduced a number of tax amendments for local developers and builders, a news source reported.

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Previously, the federal cabinet had provided its approval to the said revisions, which include:

  • A fixed-tax regime where applicable dues will be calculated on per square feet/square yard bases
  • Exemption of construction services from withholding tax. These include plumbing, electrification, shuttering, and allied services other than those provided by companies
  • Exemption of building materials (except cement and steel) from withholding tax
  • 90% reduction on taxes applicable on investments made in affordable housing schemes launched under the Naya Pakistan Housing Authority (NPHA). This condition applies to projects launched before December 31 of the going year as well as ongoing projects registered with the NPHA
  • 10 times more profit-credit with respect to the taxes builders and developers pay
  • New and ongoing projects registered on the IRIS portal of the Federal Board of Revenue (FBR) will be able to avail tax cuts notified by the government
  • Ongoing projects will reveal completion ratio and pay taxes for the work remaining as per the new fixed tax regime
  • Dividends paid to shareholders by the companied will be exempt from taxes
  • No capital value tax (CVT) applicable within the jurisdiction of the federal capital – based on the model being followed by Punjab and Khyber Pakhtunkhwa (KP)
  • Advance tax on property sales reduced from 10% to 5%
  • Machinery imported for construction and land development purposes will have access to same facilities as other industries
  • Personal residences to have one-time exemption from capital gains tax – 500 square yards for house and 400 square metre for apartments
  • The Income Tax Ordinance 2001’s Section 111 will no longer apply to amount invest by shareholders and partners in limited liability partnership with builders’/developer’s/association of persons if the capital is invested or the land is transferred before or on December 31
  • The first purchaser of newly-constructed buildings of a project shall be exempt from the provisions of Section 111 if the purchase is carried out on or before September 30, 2022
  • The immunity will not apply to any public officer holders, their benamidar spouse, or dependents; and on investments derived from the commission of a criminal offence such as money laundering and terror financing
  • Listed public companies and real estate investment trusts cannot avail the immunity Section III offers
  • To avail Section III immunity, new companies and association of persons must register before December 31, 2020
  • Cash investment should be transferred to companies and association of persons by December 31 via cross-banking instrument
  • Money invested in projects under this schedule where explanation of source is not available with the person investing shall be put in a designated bank account of the person on or before December 31
  • Special provisions for developers and builders who opt for assessment based on income, profits, and gains from projects initiated between the date of this ordinance’s promulgation and December 31 and reach completion on or before September 30 of the going year
  • Individuals registered under this initiative will be required to submit their registration forms and the irrevocable option for assessment under the new schedule against each project to the IRIS portal on FBR’s website by December 31, 2020, or within 30 days of setting up the project – whichever is earlier
  • Builders/developers availing the new scheme shall electronically file their income returns and wealth statements
  • Income returns and wealth statements filed may be subject to revision without the approval of the commissioner within 60 days

All You Need to Know About Making Your Own Hand Sanitizer

COVID-19 can spread through person-to-person contact (within 6 feet). A person with the illness can pass it on to others through a handshake. Or if an infected person touches an object and a healthy individual comes in contact with the same object, they can contract coronavirus. That said, you can easily minimize the risk of getting sick by frequently washing hands or using an alcohol-based hand sanitizer that kills germs within a matter of seconds.

But there’s one problem. After the World Health Organisation (WHO) declared the outbreak of coronavirus a pandemic on March 11, grocery stores and pharmacies across Pakistan started running out of hand sanitizers. If you are looking for a hand sanitizer in Pakistan and can’t find one, don’t worry! Here is a homemade hand sanitizer recipe that you can easily make on your own.

Let’s get started!

HOW TO MAKE HOMEMADE HAND SANITISER

effective DIY sanitizer
How to make your own hand sanitizer at home

If you are someone looking for a recipe for making natural hand sanitizers, you have landed on the right page.

You can make your homemade hand sanitizer using only three ingredients. Remember, sanitizers are to be used only when there is no availability of soap and water. If water and soap are available, then wash your hands, frequently, for 20 seconds to protect yourselves and others from contracting coronavirus.

DIY RECIPE OF HOMEMADE HAND SANITISER

Let’s take a look at the homemade hand sanitizer recipe you can try at home. All you need are a few plastic bottles, a funnel to store the homemade hand sanitizer spray in the bottle and the following ingredients:

  • 2/3 cup of 99% isopropyl alcohol 
  • 1/3 cup of aloe vera gel
  • 10 drops of essential oils

These three ingredients must be measured accurately to yield the desired results. Follow these steps to make an effective hand sanitizer at home.

  • Pour the above-mentioned quantity of isopropyl alcohol and aloe vera gel into a container. Since hand sanitizers need to have at least 60% of isopropyl alcohol in order to be effective, keep a 2:1 ratio of isopropyl alcohol to aloe vera gel.
  • A word of caution: isopropyl alcohol is flammable, has a strong odor and is colorless. Make sure isopropyl alcohol is kept away from any fire source to avoid accidents. Wear protective gloves when preparing the hand sanitizer at home to stay safe. Keep children out of reach, as isopropyl alcohol can be poisonous if you consume it. 
  • For every 2 parts of isopropyl alcohol you add, mix 1 part of aloe vera gel or if you are unsure about the measurements, follow the above-mentioned quantities. 
  • As the last step in making this natural hand sanitizer spray, add essential oils if required. If you don’t like how the isopropyl alcohol smells, then add a few essential oils with a nice fragrance. Moreover, you can add essential oils that are antiseptic in nature to provide enhanced protection against viruses and germs.
  • Mix the ingredients using a spoon and pour them out in plastic bottles with the help of a funnel. There you go! Your DIY hand sanitizer spray is all ready to be used.

This sanitizer spray won’t be like the usual sanitizer gel you get in the market, but the efficacy remains the same.

Keep the bottle of your homemade hand sanitizer in your purse or laptop bag, whichever article you carry daily to work, and use it for sanitizing your hands frequently, especially after touching doorknobs, laptops, buttons in the elevator and other objects.

HAND WASH VS. HAND SANITISER

hand washing
Washing hands for 20 seconds is important to wash away germs

Although you can easily make your own hand sanitizer at home, this doesn’t mean that you totally skip washing hands as recommended by the Centre for Disease Control (CDC).

The best way for washing hands is to make a soapy lather for 20 seconds and rinse with water. You can use the liquid hand wash available in the market or regular soap, whatever you prefer. Washing your hands properly is necessary, especially when your hands look visibly dirty.

If your child is playing out in the garden, then his hands should be thoroughly washed with soap and water for a good 20 seconds to wash off any kind of germs or viruses.

If you are traveling in a bus and there is no availability of soap and water, then you can use this DIY hand sanitizer spray to keep yourself and others protected from contracting coronavirus.

So, this is one of the most effective ways to make your own hand sanitizer at home.

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