The government has decided a duty rate on the excisable items, including allotment or transfer of commercial property, for the taxpayers and non-taxpayers as the National Assembly passed the tax-heavy budget on Friday.

According to the amended Finance Bill, the government has decided the tax rate on the allotment or transfer of commercial property and the first allotment or first transfer of open plots or residential property by any developer or builder in such mode and manner and subject to such conditions and restrictions as may be prescribed by the board.

For a buyer, who appears on an active taxpayer list maintained under section 181A of the Income Tax Ordinance, 2001 on the date of acquisition of property, it would be three per cent of the gross amount of consideration involved.

Moreover, the duty rate for a buyer who has not filed the income tax return by the due date as specified in the proviso to Rule 1A of the Tenth Schedule to the Income Tax Ordinance, 2001 would be five per cent of the gross amount of consideration involved.

In addition to this, the rate would be seven per cent of the gross amount of consideration involved where the buyer is not appearing on the active taxpayer list maintained under section 181A of the Income Tax Ordinance, 2001 on the date of acquisition of property.

The Bill added that the duty would be Rs15 per kg on the supply of white crystalline sugar by any person to a manufacturing, processing or packaging entity.