- Govt decides to abolish 3 to 7% nourished by properties, open plots.
- Real estate sellers to pay 4.5% tax reservoir of 4.5%.
- Rech giants like Google, YouTube and Facebook to see a tax hike.
Islamabad: the federal government has decided to increase the treasury withdrawal threshold The news reported on Saturday.
Under the budgetary proposals revised for the financial year 2025-2026, withdrawals exceeding the new limit will be subject to an early tax of 0.8% higher, against 0.6% during the current year.
Development comes after the Federal Board of Revenue (FBR) introduced new strict measures in the proposed financing bill 2025-26
However, the decision, approved by the president of the FBR, Rashid Langrial and approved by the Finance Committee of the National Assembly, marks an important change in the government’s approach to income collection, the balance between facilitation and application.
This decision also includes a key exemption for ASAAN accounts, widely used by low -income individuals, ensuring that they do not stay.
The legislators and the head of the FBR concluded this agreement here within the Standing Committee of NA on finances and income. This decision will now be included in the 2025-26 financial bill, which should be adopted by the end of this month.
In a major victory for the real estate sector, the government has decided to abolish the federal excise duties from 3% to 7% on the purchase of commercial and residential properties and open plots – a controversial tax that the IMF had initially resisted.
“We have convinced the IMF that this duty to accure was wrongly imposed because it only applies in the world only on mobile assets. And income would not fall,” said Langrial at the meeting chaired by MNA Syed Naveed Qamar.
Under the revised tax structure, properties sellers will now pay significantly higher restraint taxes of 4.5% for the sale of goods with gross value up to 50 million rupees, 5% for 50 to 100 million rupees and 5.5% for the properties of more than 100 million rupees.
Buyers, on the other hand, will see slightly reduced rates: 1.5%, 2% and 2.5% between the same value bands. For sellers, this means an increase of 1.5 percentage points of 1.5 reservoir of tax rate, said the president of the FBR.
Meanwhile, the government throws a rescue buoy on the stock market market by rationalizing dividends taxation on common funds. The government shrinks the tax advantage enjoyed by investors in government securities. The investment tax in state securities (including TB and T tickets) has increased from 15%to 25%, while the stock tax on shares remains at 15%.
“This will redirect the capital of government securities to the stock market,” said Minister of State for Finance Bilal Azhar Kayani. “We want investors to focus on actions, where actual economic growth occurs.”
High income employees can push a small sigh of relief. The FBR chief revealed that overloading income tax on people earning more than 10 million rupees per month would be reduced by 10% to 9%, citing concerns about the growing exodus of highly qualified professionals.
“This tax contributes to brain flight,” said Langrial, calling for a more competitive budgetary regime to keep talent. A drop of 0.5% was offered to the Super tax for income between 200 million rupees and 500 million rupees during the 20125-26 fiscal year. At 1% we incume Between RS150 million and RS200 million, 1.5% (RS200m to RS250M), 2.5% (RS250m to RS300m), 3.5% (RS300m to RS350m), 5.5% (RS350m to Rs400m), 7.5% (RS400m to Rs500m) HAVING INFOSE ABOVE RS500 MILLION.
In particular, global technological giants such as Google, YouTube and Facebook will see their taxes jump. The government increases the tax on online advertisements from 10% to 15%, hoping not only to increase income, but also push these platforms to establish offices in Pakistan, said the FBR chief.
Platforms with a physical presence will always benefit from a reduction in restraint to restraint, but the FBR has now proposed a legal requirement for all digital advertisers to file quarterly declarations detailing the advertising revenues generated in Pakistan.
Thar coal minors will now be authorized to sell coal to sectors beyond independent electricity producers (PPI), for which a 100% tax credit was previously granted. Under the revised policy, the tax credit will be reduced proportionally according to the share of coal sold outside the electricity sector, in a decision aimed at stimulating the use of local coal.
In a controversial decision, the government has also proposed to impose a progressive sales tax in the old Fata and Pata regions, starting at 10% and reaching 18% over four years. The MNA Shahram Khan Tarakai opposed the plan, citing the worsening of economic conditions in tribal areas.
However, Langrial assured that income tax exemptions would continue and that the new measurement of the sales tax has been developed in consultation with industry stakeholders to prevent abuse of existing exemptions.