FBR imposed 5% tax on map approval

1. Great Work by Govt ……. :))

   1. how great work… making proper more expensive …. in Pakistan generally ,,, any tax levied by Govt is passed to end users

      1. Comment was taunt in lighter tone.

2. Good to ban all black money from real estate as real estate is not for investment as it is basic need.

   1. ALL AVENUES OF BLACK MONEY SHOULD BE STOPPED AND PROPERTY SHOULD BE FOR GENUINE HOME BUYERS AND NOT FOR INVESTORS AND SATTA PPL…TAXES WILL DISCOURAGE INVESTORS AND GENUINE HOME BUYERS WILL COME IN MARKET

3. I found estate agents ” A pack of lies”

   By taxes ,betting on plots and artificial prices will be eliminated

   salute to ishaq dar

   1. 100% agree!

4. unbelievable bias reporting by Zameen.com. not giving the true picture and fooling naive people who only rely on online information!!

   1. Do you mind elaborating the bias part?

5. I believe the rates you mention are not correct. As per your rates a 1 kanal house estimated covered area 5000 sq/ft will cost 5000 * 70=350000, three lac fifty thousand. Which is too much.
   Please re-check your slabs. It could be per sq meter or per square yard.

   1. These rates in square feet vary per the area categorised as A, B, and C.

      Let’s instead stick to the 5% of the FBR value of the property, which is plain and simple.

      If your plots has an FBR value of PKR 5,000,000, the tax on its map would be PKR 250,000.

      1. Thanks for the clarification. In Lahore we don’t have categories.
         Do you know what type of tax is this?
         With-holding tax? Advance income tax?
         (The above two can be adjusted in person income tax returns, so its a kind of benefit for a person who have already pay tax on his salary (savings))

      2. aoa mam samra zulfiqar i need to know cost kf house map in Rawalpindi area is chakra/seham house is 1000 sq/ft plz tell me procedure some one asking me 50,000 for all work plz email me some. Guidance at sethi787@gmail.com

6. taxes are good only if they give something in return to tax payers… not for going in our politicians overseas personal accounts and luxury……………

7. Hello Samra,
   I was reading the act on the FBR website and from what I understood, the tax to be deposited at map approval stage is 5% of the advance income tax which is 2% for filer and 4% for non-filer. Not 5% of the FBR value. Can you confirm this to be the case?

   1. Ahmad
      Can you share the FBR act link and page no.
      I think the map approval tax is for developers and builders only.

   2. I am unable to find the act on FBR’s website. Can you please send the link?

8. And if plot price is four crore of two Kansl what will tax rate for map approval

9. What a classify idiotic reporting by Zameen.com, no sources, no links to FBR press releases just a shot in the air.

   I cannot find either the rates you’ve mentioned or any tax thing on map at FBR website.

   1. Talk to the officers available in FBR Law department at 051 111 772 772, come back here and apologize to me for using these strong words on my blog.

10. Dear Miss Samra,
    As per your article:
    “Earlier in July, the Excise and Taxation Department announced that owners of plots that have been vacant for two or more years would be required to pay a tax of 10% of the property value. Since this tax on empty plots would be collected by the provincial government, it will be calculated per the Deputy Collector’s rate.So you can’t keep a plot vacant without paying a 10% tax on it and any construction on it is now more expensive due to the 5% FBR tax, which would be calculated per the FBR valuation tables.”
    In this context,say DC value of an empty plot of ten Marla is 3,000,000/= then what would be the status of taxation liability to be paid to the Punjab E &T department if the possession of the empty plot
    is more than two years which is adjacent to a house already built and this plot seems to be part of this house as it is surrounded by a boundary wall. As per your article it seems that the plot holder will have to pay Rs.300,000/= at the rate of 10% of the DC Value which is too much per year.Can you please explain is this calculation correct ?.If so then is tax payable every year or is one time?

    1. In the situation you just shared, the plot owner has to let the concerned authorities know that he has merged his plot with the house. There is a merging fees, i am not sure how much, and after paying it, your plot will not be considered an empty plot but part of your house.

11. Dear Miss Samra,
    Thank you but one thing remained unattended which i am repeating again.
    “If the DC (sale) value of an empty plot of ten Marla is 3,000,000/= then what would be the status of taxation liability to be paid to the Punjab E &T department if the possession of the empty plot
    is more than two years As per your article it seems that the plot holder will have to pay Rs.300,000/= at the rate of 10% of the DC Value which is too much per year.Can you please explain is this calculation correct ?.If so then is tax payable every year or is one time?”
    Your clarification in this respect will be highly appreciated.

12. I beleive this is the one.

    http:// www. fbr. gov.pk/DownloadDocs.aspx?id=6138&Path=http://download1.fbr.gov.pk/SROs/20168251082451908SRO787OF2016.pdf&Type=SROS

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