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Pakistan Announces 2% Tax Rate on Immovable Property Transfers for Non-Filers

|Approved Changes|Pakistan
Pakistan

The Pakistan Federal Board of Revenue has issued notice that from 19 January 2015, a 2% tax will be collected from non-filers when registering or attesting transfer of immovable property with a value exceeding PKR 3 million. Non-filers are persons (natural and legal) whose name does not appear on the Active Tax-payers List (ATL), or does not hold a valid taxpayer card. For filers, the rate is 1%, which prior to 19 January also applied for non-filers.

The ATL, which includes over 880,000 taxp…

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