{"id":97220,"date":"2024-05-20T10:41:01","date_gmt":"2024-05-20T05:41:01","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=97220"},"modified":"2024-05-20T15:54:46","modified_gmt":"2024-05-20T10:54:46","slug":"fbr-crackdown-on-non-filers-with-property-taxes","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html","title":{"rendered":"FBR plans crackdown on non-filers with higher property taxes"},"content":{"rendered":"\n<p>Islamabad: The Pakistani government is intensifying efforts to increase revenue by targeting non-filers, with plans to raise the advance tax on the purchase of immovable properties for this group, reported a news source on May 18.<\/p>\n\n\n\n<p>According to a new agreement between the Federal Board of Revenue (FBR) and the International Monetary Fund (IMF), the withholding tax on property purchases will be increased for non-filers.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-unveils-taxation-plan.html\">FBR unveils Taxation Plan to meet fiscal revenue collection targets<\/a><\/p>\n\n\n\n<p><strong>Proposed Property Tax Changes<\/strong><\/p>\n\n\n\n<p>Upon legislative approval, the FBR could potentially collect over Rs100 billion in the next fiscal year. This move aims to discourage tax non-compliance and enhance revenue from the real estate sector.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><td><strong>Property Value<\/strong><\/td><td><strong>Tax Rate for Filers<\/strong><\/td><td><strong>Tax Rate for Non-Filers<\/strong><\/td><\/tr><\/thead><tbody><tr><td>Up to 50 million<\/td><td>3 percent<\/td><td>6-7 percent<\/td><\/tr><tr><td>50-100 million<\/td><td>4 percent<\/td><td>12 percent<\/td><\/tr><tr><td>Over 100 million<\/td><td>5 percent<\/td><td>15 percent<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>As Pakistan seeks new loans from the IMF, the lender is urging the government to tap into untapped segments to broaden the tax base. The government has also committed to implementing structural reforms, including blocking the mobile SIM cards of non-filers.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/world-bank-receives-briefing-on-fbrs-digitalized-tax-policy.html\">World Bank receives briefing on FBR\u2019s digitalised tax policy<\/a><\/p>\n\n\n\n<p>Currently, tax authorities impose a 3 percent levy on filers and a 10.5 percent tax on non-filers, aiming to collect Rs80 billion in revenue this fiscal year. The IMF is now recommending an increase in the advance tax rate for non-filers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Pakistani government is intensifying efforts to increase revenue by targeting non-filers, with plans to raise the advance tax on the purchase of immovable properties for this group, reported a news source on May 18. According to a new agreement between the Federal Board of Revenue (FBR) and the International Monetary Fund (IMF), the withholding tax on property purchases will be increased for non-filers. Read: FBR unveils Taxation Plan to meet fiscal revenue collection targets Proposed Property Tax Changes Upon legislative approval, the FBR could potentially collect over Rs100 billion in the next fiscal year. This move aims to discourage tax non-compliance and enhance revenue from the real estate sector. Property Value Tax Rate for Filers Tax Rate for Non-Filers Up to 50 million 3 percent 6-7 percent 50-100 million 4 percent 12 percent Over 100 million 5 percent 15 percent As Pakistan seeks new loans from the IMF, the lender is urging the government to tap into untapped segments to broaden the tax base. The government has also committed to implementing structural reforms, including blocking the mobile SIM cards of non-filers. Read: World Bank receives briefing on FBR\u2019s digitalised tax policy Currently, tax authorities impose a 3 percent&hellip;<\/p>\n","protected":false},"author":89,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[3362,50904,58272,4574,3056,58241],"persona":[],"class_list":{"0":"post-97220","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-fbr","10":"tag-fbr-news","11":"tag-latest-isb-news","12":"tag-property-news","13":"tag-property-taxes","14":"tag-zameen-com-news","15":"cat-15016-id","16":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR crackdown on non-filers with property taxes - Zameen News<\/title>\n<meta name=\"description\" content=\"Pakistan to hike advance tax on immovable property purchases for non-filers under new FBR-IMF deal to boost revenue.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR crackdown on non-filers with property taxes - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Pakistan to hike advance tax on immovable property purchases for non-filers under new FBR-IMF deal to boost revenue.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-20T05:41:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-20T10:54:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sabahat Abid\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sabahat Abid\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR crackdown on non-filers with property taxes - Zameen News","description":"Pakistan to hike advance tax on immovable property purchases for non-filers under new FBR-IMF deal to boost revenue.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html","og_locale":"en_US","og_type":"article","og_title":"FBR crackdown on non-filers with property taxes - Zameen News","og_description":"Pakistan to hike advance tax on immovable property purchases for non-filers under new FBR-IMF deal to boost revenue.","og_url":"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2024-05-20T05:41:01+00:00","article_modified_time":"2024-05-20T10:54:46+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","type":"image\/jpeg"}],"author":"Sabahat Abid","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Sabahat Abid","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html"},"author":{"name":"Sabahat Abid","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9db33618e4b5dfe90a74f6cd07923d16"},"headline":"FBR plans crackdown on non-filers with higher property taxes","datePublished":"2024-05-20T05:41:01+00:00","dateModified":"2024-05-20T10:54:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html"},"wordCount":234,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","keywords":["FBR","FBR news","Latest ISB news","property news","property taxes","zameen.com news"],"articleSection":["New Developments","Notices &amp; Announcements"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html","url":"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html","name":"FBR crackdown on non-filers with property taxes - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","datePublished":"2024-05-20T05:41:01+00:00","dateModified":"2024-05-20T10:54:46+00:00","description":"Pakistan to hike advance tax on immovable property purchases for non-filers under new FBR-IMF deal to boost revenue.","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","width":1170,"height":400,"caption":"FBR"},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/fbr-crackdown-on-non-filers-with-property-taxes.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"FBR plans crackdown on non-filers with higher property taxes"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9db33618e4b5dfe90a74f6cd07923d16","name":"Sabahat Abid","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Avatar-Icon-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Avatar-Icon-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Avatar-Icon-96x96.jpg","caption":"Sabahat Abid"},"description":"Sabahat Abid is a content creator at Zameen Media, illuminating the real estate landscape with her engaging writing.","url":"https:\/\/www.zameen.com\/news\/author\/sabahat-abid"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/97220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/89"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=97220"}],"version-history":[{"count":3,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/97220\/revisions"}],"predecessor-version":[{"id":97226,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/97220\/revisions\/97226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/61403"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=97220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=97220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=97220"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=97220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}