New Tax Implementation Policy in Capital Smart City

The Federal Board of Revenue (FBR) imposes an advance tax on all members of all real estate projects. Management of Capital Smart City has been made responsible for collecting this tax from all members and depositing it with FBR on their behalf.

In this regard, advance tax amount is due from the members of CSC at the following rates:

• The filers and non-resident members have to pay a 2% tax at the time of purchasing property and installment plan.

• 2% tax has to be paid at the time of selling the property.

• The non-filers members have to pay a 7% tax on the time of purchasing property and installment payment. A 4% tax for non-filers customers at the time of selling their property.

Following is the tax amount on different plot sizes: 

• The total amount of tax for 5 marla plots is 16,700 rupees. 
• 10 marla plots have 33,400 rupees tax.
• 1 Kanal will pay 66,800 tax.

Note: These amounts are subject to change without notice as per any amendments in law, in the percentage of taxes for filers, non-filers, or in the FBR value of properties.

Members of CSC who are tax filers can adjust the tax amounts paid at the time of filing their annual income tax return. If you are a non-filer, you can avail services of our resident tax the team at subsidized rates and become a tax filer. 

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