Islamabad News: The Faisal Town Group management imposed a new advance tax on Ft-2 installments. This directive comes under Section 236-K of the Income Tax Department of Pakistan. The new tax will be effective from 1st August 2026.
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Key Summary
The summary of the new advance tax on the Faisal Town Phase 2 Installments is as follows:
- Effective Date: 1st August 2026
- Applies to: Faisal Town Phase 2 Installments
- Rate for Filers: 1.25%
- Rate for Non-filers: 10%
It is worth noting that the clients must register themselves under the Active Taxpayer List (ATL) of the Federal Board of Revenue (FBR) of Pakistan and become a filer. Filers receive a hefty relief as compared to non-filers.
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Key Takeaway
If you’re looking to invest in Phase 2 of Faisal Town, it is necessary to register yourself as a taxpayer under the FBR. It will benefit you to get relief in the new advance tax on FT-2 installments of 1.25% rather than 10%.
For more information, contact us at faisalhills.com.
