Pakistan's Federal Board of Revenue (FBR) has issued Circular No. 07 of 2025-26, which concerns the collection of advance (withholding) tax on property sales of taxpayers subject to tax under Section 7F of the Income Tax Ordinance. Under Section 7F, qualifying taxpayers engaged in construction and development activities are taxable on deemed taxable profits determined as a percentage of gross receipts (10% to 15%), which is considered income from business. Where such taxpayers are subject to…