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

06:12 PM | 14 Jun, 2021
Budget 2021-22: Punjab proposes tax cut on 10 businesses
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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.

Punjab unveils Rs2,650b budget 2021-22 05:12 PM | 14 Jun, 2021

LAHORE – Punjab Finance Minister Makhdoom Hashim Jawan Bakht on Monday presented the budget for the financial ...