The federal government has approved revisions to advance tax rates on property transactions along with higher tax measures for banks and corporate entities under the Finance Bill 2026–27.
The new changes will come into effect from July 1 with the start of the next fiscal year.
Under the revised property tax structure, advance tax on transactions has been reduced. Sellers will now pay 2.75 percent advance tax on the total property value, while buyers will be charged 1.25 percent based on fair market value.
In addition to property tax adjustments, the government has increased the tax burden on key corporate sectors, including banking and fertiliser.
From July 1, banking companies and the fertiliser sector will pay 10 percent tax on income exceeding Rs. 150 million, while other corporate entities will be subject to an 8 percent tax on income above Rs. 500 million.
Officials say the revised tax framework is part of broader fiscal reforms aimed at balancing revenue requirements while restructuring sector-wise taxation across the economy.
