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Tag: property tax

PBC Proposals

RCCI slams 16% tax on property rent in Punjab

July 20, 2025July 20, 2025Mrs. Anjum Shahnawaz

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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Pakistan Finance Bill 2025

Finance Bill 2025 revises tax structure on immovable properties

June 11, 2025June 11, 2025Shahnawaz Akhter

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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PBC Proposals

How Much Tax Do You Pay for Property Transactions in Karachi?

April 1, 2025April 1, 2025Shahnawaz Akhter

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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PBC Proposals

Big Relief Expected for Property Buyers in Budget 2025-26

March 19, 2025March 19, 2025Shahnawaz Akhter

Due to taxation measures introduced in recent years, property buyers are facing significant challenges in the current market.

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PBC Proposals

Punjab Cracks Down on Property Tax Defaulters

March 15, 2025March 15, 2025Mrs. Anjum Shahnawaz

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 White

FBR likely to abolish section 7E on deemed property income

February 3, 2025February 3, 2025Shahnawaz Akhter

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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Tax Budget

Government to announce tax package for property transactions

February 2, 2025February 2, 2025Mrs. Anjum Shahnawaz

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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FBR amnesty

New amnesty for property transactions in Pakistan?

February 1, 2025February 1, 2025Shahnawaz Akhter

Is Pakistan on the verge of introducing a new amnesty for property transactions, exempting buyers from disclosing their income sources?

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PBC Proposals

New Property Tax Mechanism Introduced by Punjab

January 17, 2025January 17, 2025Mrs. Anjum Shahnawaz

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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PBC Proposals

Realtors Appeal Against Additional Property Tax

April 22, 2024April 22, 2024Mrs. Anjum Shahnawaz

The Khyber Pakhtunkhwa Federation of Realtors has launched a fervent appeal to the federal government, urging a halt to the imposition of further tax on property transactions, a move that could exacerbate the already fragile economic conditions in the region.

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