The Federal Board of Revenue on Thursday issued a notification imposing an excise duty on the purchase of property by developers and builders.
According to the notification, a 3% duty would be levied on plots and houses bought by income taxpayers, while a 5% duty would apply to those who delay income tax payments.
Non-filers will face a 7% duty on property purchases.
The notification said that all developers and builders are required to pay this duty at the time of purchase.
The FBR also issued specific forms for duty payment, and all developers and builders must submit monthly statements to the relevant FBR commissioner.