Adv Ch Shahid Bhalli

Tax Rates on Commercial Properties in Hyderabad Pakistan

As per Lawkidunya, Tax rates on commercial properties in Hyderabad, Pakistan, vary based on factors like property value, location, and taxpayer status. Here’s a breakdown:

– Advance Property Tax or Withholding Tax:
– For filers: 3% to 4% of property value
– For late filers: 6% to 8% of property value
– For non-filers: 10% to 20% of property value

– Federal Excise Duty (FED): 5% on allotment or transfer of commercial property

– Capital Value Tax (CVT): 2% of property value, applicable to the buyer

– Capital Gain Tax (CGT):
– For filers: 15% of net profit from property sale
– For non-filers: 15% to 45% of net profit from property sale

Keep in mind that these rates are subject to change, and it’s essential to consult with a tax professional or relevant authorities for the most up-to-date information.

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