Govt moves to bring property sector into tax net with digital monitoring

Islamabad: The government is preparing to bring the real estate sector fully into the tax net by introducing digital monitoring and improving transparency in property transactions. Officials stated that key measures under consideration include digitizing land records, enhancing valuation systems and reducing undocumented economic activity Authorities highlighted that a centralized digital monitoring system will track buying, selling, registration and pricing of properties to curb tax evasion and informal dealings. Plans also include streamlining taxes such as stamp duty and capital value tax to make the system more uniform and transparent Experts believe that these reforms will increase government revenue, discourage fraud and create a more stable investment environment. However, they stress that consistent and investor-friendly policies will be crucial to avoid negative market impact.