FBR intensifies scrutiny of undisclosed property transactions
Faceless audit system to target mismatches in income and expenditure as tax authorities move against concealed high-value property deals.
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Tag: property tax
RCCI slams 16% tax on property rent in Punjab
Rawalpindi, July 20, 2025 – The Rawalpindi Chamber of Commerce and Industry (RCCI) has strongly criticized the Punjab government’s latest fiscal policies, particularly the imposition of a 16% sales tax on commercial property rent and the controversial inclusion of arrest powers for employers not complying with the new minimum wage law.
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Finance Bill 2025 revises tax structure on immovable properties
Karachi, June 11, 2025 – In a dramatic shake-up of the real estate sector, the Finance Bill 2025 has introduced sweeping changes that deliver substantial relief for buyers of immovable properties, while significantly increasing the tax burden on sellers.
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How Much Tax Do You Pay for Property Transactions in Karachi?
Karachi, April 1, 2025 – Property transactions in Karachi are subject to various tax regulations, making the process intricate for buyers and sellers alike.
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Big Relief Expected for Property Buyers in Budget 2025-26
Due to taxation measures introduced in recent years, property buyers are facing significant challenges in the current market.
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Punjab Cracks Down on Property Tax Defaulters
The Punjab Excise & Taxation Department has intensified its efforts to recover outstanding property taxes by launching a large-scale crackdown on defaulters.
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FBR likely to abolish section 7E on deemed property income
Karachi, February 3, 2025 – The Federal Board of Revenue (FBR) is expected to eliminate Section 7E of the Income Tax Ordinance, 2001, which pertains to the taxation of deemed property income.
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Government to announce tax package for property transactions
Islamabad – February 2, 2025 – The government is preparing to announce a comprehensive tax package aimed at boosting property transactions, following recommendations from a special task force constituted by the prime minister.
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New amnesty for property transactions in Pakistan?
Is Pakistan on the verge of introducing a new amnesty for property transactions, exempting buyers from disclosing their income sources?
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New Property Tax Mechanism Introduced by Punjab
The Punjab government has unveiled a groundbreaking property tax mechanism aimed at simplifying processes, eliminating ambiguities, and fostering greater transparency in the taxation system.
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