FBR to raise immovable property rates by up to 75%
The Federal Board of Revenue (FBR) is set to increase property valuation rates by up to 75% today, bringing them closer to market values. Sources have revealed that the revised values are expected to be notified after receiving clearance from the Law and Justice Division. The FBR had been given
FBR introduces additional tax on property purchases
The Federal Board of Revenue (FBR) has introduced a new excise duty targeting property purchases made by developers and builders. According to a recent notification, a 3% duty will be levied on plots and houses acquired by individuals who file income tax on time, while those who delay their tax
New property tax on 5 marla and above houses in Punjab
The Punjab government has decided to implement a property tax on residential properties, further increasing the financial burden on residents. According to a private news channel, citing sources, the Punjab Excise and Taxation Department has been instructed to prepare a comprehensive list of all residential properties in the province by
Check out new property tax rates in Pakistan
The new tax measures include record-high taxes on both plots and constructed lands to enhance revenue collection and establish a more equitable tax system. Key changes involve increased Capital Gains Tax (CGT) and Advance Tax on property sales, impacting filers, late filers, and non-filers differently. Capital Gains Tax Rates for
Federal Budget introduces tax slabs for residential properties
WEB DESK: In the federal budget, a Federal Excise Duty (FED) of 3% has been imposed for filers and 5% for non-filers on property allocation and transfer. Read More: Sindh High Court nullifies appointments of 54,000 employees In addition, residential properties ranging from one to two thousand square yards will incur a