Pakistan proposes 1% tax on capital assets exceeding PKR 1 billion in budget FY26
The definition of capital asset includes property of any kind, including financial and non-financial assets other than immovable assets

The Pakistan government has proposed the imposition of a 1% tax on capital assets exceeding PKR 1 billion in value.
Sources told Nukta said that the definition of capital asset includes property of any kind, including financial and non-financial assets other than immovable assets held by a person as on June 30 of the relevant tax year and declared in the wealth statement.
Net value of capital assets means the excess of the aggregate value of capital assets, excluding immovable assets, over and above the aggregate value of all personal liability declared by a person in his wealth statement filed on June 30 of the relevant tax year.
Business capital, including business liability other than investment in shares and stocks, shall be excluded for the purpose of computing net value of capital assets by a person.
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