{"id":15488,"date":"2025-08-09T15:27:26","date_gmt":"2025-08-09T10:27:26","guid":{"rendered":"https:\/\/pakalerts.net\/english\/?p=15488"},"modified":"2025-08-09T15:27:26","modified_gmt":"2025-08-09T10:27:26","slug":"fbr-amends-income-tax-rules-for-fy-2025-26-revises-tax-rates-on-bank-withdrawals-and-property-transactions-for-non-filers","status":"publish","type":"post","link":"https:\/\/pakalerts.net\/english\/?p=15488","title":{"rendered":"FBR Amends Income Tax Rules for FY 2025-26, Revises Tax Rates on Bank Withdrawals and Property Transactions for Non-Filers"},"content":{"rendered":"<p data-start=\"2080\" data-end=\"2336\"><strong>The Federal Board of Revenue (FBR) has issued amendments to the Income Tax Rules for the fiscal year 2025-26, introducing significant changes in tax rates for non-filers on daily bank withdrawals and the purchase, sale, or transfer of immovable property.<\/strong><\/p>\n<p data-start=\"2338\" data-end=\"2638\">According to the FBR notification, individuals not included in the Active Taxpayers List (ATL) will now face an increased tax rate of 0.8%\u2014up from 0.6%\u2014on daily bank withdrawals exceeding Rs50,000. Banking companies will be authorized to directly deduct this advance adjustable tax from non-filers.<\/p>\n<p data-start=\"2640\" data-end=\"3044\">The FBR has also revised the advance tax rates on the purchase, sale, or transfer of immovable property. Under the new schedule, buyers will receive relief with a 1.5% reduction in withholding tax rates, while sellers or transferors will see a 1.5% increase across all slabs to adjust for capital gains. For this purpose, amendments have been made to Sections 236C and 236K of the Income Tax Ordinance.<\/p>\n<p data-start=\"3046\" data-end=\"3083\">The revised schedule is as follows:<\/p>\n<ul data-start=\"3084\" data-end=\"3358\">\n<li data-start=\"3084\" data-end=\"3174\">\n<p data-start=\"3086\" data-end=\"3174\">For property valued up to Rs50 million, the tax rate has been reduced from 3% to 1.5%.<\/p>\n<\/li>\n<li data-start=\"3175\" data-end=\"3266\">\n<p data-start=\"3177\" data-end=\"3266\">For property valued up to Rs100 million, the tax rate has been reduced from 3.5% to 2%.<\/p>\n<\/li>\n<li data-start=\"3267\" data-end=\"3358\">\n<p data-start=\"3269\" data-end=\"3358\">For property valued above Rs100 million, the tax rate has been reduced from 4% to 2.5%.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3360\" data-end=\"3663\">The FBR clarified that if a person has owned a property for the past 15 years and has used it as their residence during this period, it will be exempt from withholding tax under Section 236C. However, the 15-year ownership must be declared in tax returns to be eligible for this exemption.<\/p>\n<p data-start=\"3665\" data-end=\"3765\">\n","protected":false},"excerpt":{"rendered":"<p>The Federal Board of Revenue (FBR) has issued amendments to the Income Tax Rules for the fiscal year 2025-26, introducing significant changes in tax rates for non-filers on daily bank withdrawals and the purchase, sale, or transfer of immovable property. According to the FBR notification, individuals not included in the Active Taxpayers List (ATL) will [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":15489,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowgLK2DA:productID":"","_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[47,46,36],"tags":[7956,1517,7955,2176,4665,6896],"class_list":["post-15488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-important-news","category-latest","category-pakistan","tag-bank-tax","tag-fbr","tag-income-tax-amendments","tag-non-filers","tag-pakistan-economy","tag-property-tax"],"_links":{"self":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/15488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15488"}],"version-history":[{"count":1,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/15488\/revisions"}],"predecessor-version":[{"id":15490,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/15488\/revisions\/15490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/media\/15489"}],"wp:attachment":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}