Punjab’s new budget documentation services sales tax has been reduced record, budget property tax is proposed to take in two episodes, doctors’ services and hospital charges on the bed and room prices 16% tax scrapped. The 16 percent tax on health insurance has been abolished, the tax on hotels and guest houses with up to 20 rooms has been reduced from 16 percent to 5 percent.
Marriage Halls event on the lawn and venue tax was proposed to impose 5%, healthcare gym, fitness center, a property dealer and also the rent-a-car services tax has been proposed to 5%, cable operators, auto It has also been proposed to levy 5 percent tax on mobile dealers and apartment management while it has also been proposed to levy 5 percent tax on property builders and developers coming under the self- tax net.
Tax on the skin and laser clinics in net tax has been proposed to 5%. Auto Tax on the Education and IT sector in net tax have been proposed to 5%. For restaurants, beauty parlors, and salons, it has been proposed to levy a 5% tax on those who pay by debit card or credit card. The Punjab Finance Department has also proposed to levy property tax in two installments. The Punjab government has submitted the Finance Bill to the Punjab Assembly for approval.
Extracted from City42 News
