Скачать или смотреть Current Market Situation After Property Tax 2024 || Bahria Town Karachi & Dha City

Budget 2024 Property Tax in Pakistan: A Detailed Guide

Introduction


The new government of Pakistan has announced its first budget for 2024, which includes significant changes to the property tax system. This budget aims to increase government revenue by raising taxes, particularly targeting property transactions. In this blog, we will provide detailed information on the new property tax measures and their implications.

Filer Advance Tax for Buyers and Sellers

The government has maintained the advance income tax rate at 3% for new property buyers and sellers who are filers. This means individuals who file their income tax returns on time will continue to pay the same rate as before. This measure is designed to encourage compliance with tax filing requirements.

Late Filer Advance Tax

The new government has introduced a late filer advance tax concept. Individuals who submit their income tax returns after the due date will now have to pay a 6% advance tax on the FBR value of the property at the time of purchase or sale. This is intended to penalize late filers and encourage timely submission of tax returns.

Non-Filer Advance Tax

Non-filers, or individuals who do not file their income tax returns, will face significantly higher taxes under the new budget. The advance tax rate for non-filer sellers has been increased to 10% of the FBR value, while non-filer buyers will have to pay 12% of the FBR value. These increased rates aim to pressure non-filers into becoming compliant with tax laws.

#PakistanBudget2024 #PropertyTax #RealEstatePakistan #PropertyMarket #FilerTax #NonFilerTax #BahriaTownKarachi #RealEstateInvesting #TaxCompliance #EconomicImpact #PropertyPrices #TaxPolicy #PakistanEconomy #PropertyInvestment #TaxUpdates

WEBSITE: https://housingassociates.pk/
WHATSAPP US : https://wa.link/rh988n
CALL US : 0324-3177396 , 021-35889971

LIKE OUR FACEBOOK PAGE :   / housingassociate  

JOING OUR FACEBOOK GROUP :   / 1819298571532695  

LIKE OUR INSTAGRAM PAGE:   / housing.associates  

SUBSCRIBE TO YOUTUBE CHANNEL :    / @housingassociates  

CALL US ON FOLLOWING NUMBERS
0324 3177396
021 35889971

OFFICE ADDRESS

BAHRIA OFFICE
DOMINION BUSINESS CENTER 1 , 3RD FLOOR 302 BAHRIA TOWN KARACHI