Islamabad, June 10, 2025: The federal government has agreed a 1.5% decrease in the advance tax rate for filers on the purchase of immovable property, according to sources.
Under section 236K, the current advance tax is set at 3-4% which is deducted at the time of property sales.
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The proposal suggests that while filers will get an advantage from a 1.5% reduction, the rates for late filers and non-filers would remain unchanged.
