How to Save Taxes on Property Taxes Transactions
Understand Pakistan property tax & Capital Gains Tax (CGT) post-July 2024. Learn about rates, calculations, transaction taxes & how to minimize tax liabilities.
Understanding Tax Rates for Filers and Non-Filers
The Myth of Higher Tax Rates for Non-Filers Contrary to popular belief, being a non-filer does not necessarily mean paying higher taxes in Pakistan. In specific scenarios, the tax rate […]
Who is Exempt from Advance Tax on Sales of Property?
Withholding Tax Relief for Property Sales by Military, Veterans, and Government Personnel: A Breakdown The government has implemented a significant change in its tax policy, effective July 1, 2024. This […]
Understanding Deductions Not Allowed in Calculating Property Income
For property owners in Pakistan, understanding tax implications is crucial. While rental income can be a valuable source of income, it’s essential to be aware of deductions that are not […]
Understanding and Planning for the Complexities of 7E Tax in Pakistan
The introduction of Section 7e in Pakistan’s tax has created significant confusion and uncertainty for property owners. This article delves into the five key points to remember about 7e and […]
A Guide to 7E (Deemed Rental Income) Exemptions
The Deemed Rental Income Tax (Section 7E) of the Income Tax Ordinance, 2001, applies to a broad range of immovable properties in Pakistan. However, several categories of individuals and properties […]
Verify Your 7e Exemption Certificate Online in Pakistan (Fast & Easy Guide!)
You can verify a 7e exemption certificate issued by the FBR through their online verification system. Here’s how: Visit the FBR’s Exemption Certificate Verification webpage: https://e.fbr.gov.pk/esbn/Verification On the page, you’ll […]
Selling Property in Pakistan? Don’t Get Stuck Without Your 7E Certificate!
Thinking of selling your property in Pakistan? Hold on! The Federal Board of Revenue (FBR) introduced a game-changer in 2022: the 7E certificate. This little piece of paper is now […]
Property Purchases: Don’t Let Cash Become a Tax Headache
Navigating property transactions can be complex, especially when it comes to cash payments and tax implications. This article explores key regulations and potential pitfalls to help you make informed decisions. […]
Non-Resident Property Sellers Exempt from 7E
This article aims to clarify the recent regulations concerning non-resident individuals selling or transferring immovable property in Pakistan. Key Points: Provisions of section 7E of the Income Tax Ordinance, 2001 […]