Pakistan » Taxes

Income Tax	VAT	Real Estate Tax	Transfer Tax

Personal Income Tax

All individuals, unregistered firms, associations of persons, etc., are liable to tax, at the rates randing from 10 to 35%.

Wealth Tax

Wealth Tax is charged on residential plots above 500 square yards and below 1,000 square yards at Rs. 2,000, while Rs. 5,000 is charged on plots measuring 1,000 square yards but less than 2,000 square yards Rs. 5,000 whereas it is charged on plots measuring 2,000 square yards and above. Flats and apartments up to 2,000 square yards in size are, however, exempted from the tax while an annual wealth tax fee of Rs. 2,000 is charged on those of 2,000 square yards and above. Wealth tax is payable at the rate of 25% of the amount of the property tax payable.

Stamp duty

The stamp duty on house transferring was increased to 10.5% for those who are regular tax payers and 15.5% for those who do not possess 'NTN'. 20% tax was levied on landlords with their houses, flats or apartments on lease.