Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

FBR imposes 10pc withholding tax on marriage functions for TY 2027

byCT Report
04/08/2026
in Breaking News, Islamabad, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a 10% adjustable withholding tax on marriage functions and other social gatherings under the updated Income Tax Ordinance, 2001, applicable to Tax Year (TY) 2027, starting from July 1. 2026.

The updated Income Tax Ordinance, incorporating amendments introduced through the Finance Act, 2026, provides that advance tax will be collected on the total bill of specified functions held at designated venues.

You might also like

Major gas discovery in Sindh boosts energy security

10/09/2026

Pakistan, Australia aim to update bilateral investment treaty by December

10/09/2026

Advance tax to be collected on event bills

Under Section 236CB of the Income Tax Ordinance, every prescribed person is required to collect advance tax at the rate specified in the First Schedule from any person arranging or holding a function at:

• Marriage halls

• Marquees

• Hotels

• Restaurants

• Commercial lawns

• Clubs

• Community centres

• Any other venue used for such functions

The tax will be collected on the total amount of the bill charged for the event and will be adjustable against the taxpayer’s final income tax liability.

Catering and related services also covered

The law also extends the withholding tax requirement to payments for food, catering, decoration and other services provided by third-party vendors.

Where such services are supplied by another service provider, the prescribed person operating the venue must collect advance tax on the payments made for those services at the prescribed rate.

Related Stories

Major gas discovery in Sindh boosts energy security

byCT Report
10/09/2026

KARACHI: Pakistan has taken another step towards strengthening its energy security after a major gas discovery was made in Sindh,...

Pakistan, Australia aim to update bilateral investment treaty by December

byCT Report
10/09/2026

LAHORE: Australian High Commissioner to Pakistan Timothy Kane has expressed hope that the Pakistan-Australia Bilateral Investment Treaty will be updated...

Govt cuts duties on imported mobile phones, premium handset RD falls 20pc

byCT Report
10/09/2026

LAHORE: The government has reduced regulatory and additional customs duties on imported mobile phones for FY2026-27, with regulatory duty (RD)...

PM Shehbaz gives in-principle approval to Pakistan’s new Auto Policy 2026-31

byCT Report
10/09/2026

ISLAMABAD: Prime Minister Shehbaz Sharif has given in-principle approval to Pakistan’s proposed Auto Policy 2026-31, paving the way for further...

Next Post

Islamabad Customs seizes 24 smuggled luxury vehicles worth Rs915.5m in July 2026

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.