The Punjab government has imposed property tax across the province, including Lahore, and increased the annual Deputy Commissioner (DC) rates for property transfers by 5 percent.
According to official sources, the revised DC rates are now in effect. Under the new policy, property sellers will pay a federal tax of 4.5 percent on the sale of their property. Buyers are required to pay a 1.5 percent withholding tax on property purchases.
From today, all property transfers in Punjab will be processed according to these updated rates.
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