Rules & Taxation

The Federal Board of Revenue (FBR) is considering reducing withholding taxes and the 5% Federal Excise Duty on property transactions. This move aims to ease the tax burden, support first-time homebuyers, and boost affordable housing projects, marking a promising shift for the real estate sector.

The Federal Board of Revenue (FBR) has struck a deal with the International Monetary Fund (IMF) that will significantly impact Pakistan’s real estate sector. In a move aimed at broadening the tax base and curbing undocumented transactions, the FBR has pledged to implement a series of reforms. The FBR is committed to collaborating with all

Islamabad residents and businesses are up in arms after the Metropolitan Corporation Islamabad (MCI) announced a substantial increase in property taxes. The move, published in the national gazette, has sparked outrage with many vowing to challenge it in court and through protests. The business community, represented by All Pakistan Anjuman-i-Tajiran President Ajmal Baloch, has taken

The Federal Board of Revenue (FBR) recently reaffirmed its commitment to achieving the designated annual tax collection target for the current fiscal year during a meeting with the Finance Minister, Muhammad Aurangzeb. This commitment comes amidst concerns raised due to shortfalls experienced in both February and January. The FBR delegation, led by Chairman Malik Amjed

The sale and purchase of Property in Pakistan is subject to the levy of provincial and federal taxes. Capital value tax (CVT) and Stamp Duty are provincial taxes while Withholding Tax and Capital Gain Tax (CGT) are federal taxes. In this blog, Landgala is discussing Rawalpindi Property Valuation Rates determined by FBR to calculate federal taxes.

The Government levies different types of taxes on the purchase/sale of immovable property in Pakistan.