The government announced on 14 January 2015, through Notification No. 30(I)/2015 that any non-filer (i.e. a taxpayer whose name does not appear on the active taxpayers list issued by the Federal Board of Revenue or who is not a holder of a taxpayer’s card) will be subject to a withholding tax of 2% at the time of registering or attesting the transfer of an immovable property with a value of more than PKR 3 million.
The above withholding tax rate is in effect from 19 January 2015.
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