ISLAMABAD: Federal Board of Revenue (FBR) has imposed five per cent advance tax on different functions, including weddings, seminars, workshops, exhibitions, concerts, parties, or any other gatherings at private hotels or commercial venues.
According to an FBR notification under Section 236D of Income Tax Ordinance 2001, advance tax at the rate of five percent will be collected on the “total amount of the bill from a person arranging or holding a function in a marriage hall, marquee, hotel, restaurant, commercial lawn, club, a community place or any other place used for such purpose”.
“Where the food, service or any other facility is provided by any other person, the prescribed person shall also collect advance tax on the payment for such food, service,” it said.
The advance tax will be collected by the owner, lease-holder, operator, or manager of the venue where the event is being held.
