Property Purchase and Sale Tax Rates for 2024 in Pakistan
Tax Categories: 236-C (Gain Tax)and 236-K (Advance Tax)
Category 236-C (Gains Tax)
Property value up to 50 million:
- Filer: 3%
- Late Filer: 6%
- Non-Filer: 10%
Property value 50-100 million:
- Filer: 4%
- Late Filer: 7%
- Non-Filer: 10%
Property value over 100 million:
- Filer: 5%
- Late Filer: 8%
- Non-Filer: 10%
Category 236-K (Advance Tax)
Property value up to 50 million:
- Filer: 3%
- Late Filer: 6%
- Non-Filer: 12%
Property value 50-100 million:
- Filer: 3.5%
- Late Filer: 7%
- Non-Filer: 16%
Property value over 100 million:
- Filer: 5%
- Late Filer: 8%
- Non-Filer: 20%
Note: These new tax rates will be applicable from July 2024.
This table outlines the tax rates for property transactions for the year 2024, ensuring you are prepared for the upcoming fiscal changes.