Budget 2021-22: Punjab proposes tax cut on 10 businesses

LAHORE – The Punjab government has proposed a decrease in tax rate for various businesses of the services sector in the budget for fiscal year 2021-22

Punjab Finance Minister Hashim Jawan Bakht while presenting the budget said that 16% sales tax on tens services will be reduced to 5% in the next fiscal year.

The ten sectors include,  

• Rental bulldozers services
• Dress designers
• Warehouse services
• Construction machinery services
• Town planners
• Beauty parlours
• Fashion designers
• Dry cleaners
• Architect
• Home chefs

Earlier, Punjab cabinet approved proposals for budget with total outlay of Rs2.653 billion. Provincial ministers, advisors, special assistants, chief secretary and concerned secretaries attended the budget session.