LAHORE: The Punjab government has decided to impose new taxes on mobile application taxis, Uber and Careem in the upcoming budget for fiscal year 2018-19.
The “Ride-hailing Services Tax” will be around 5 per cent. A meeting of resource mobilization committee was held to discuss the upcoming provincial budget and was attended by officials of the government. Punjab Government plans to unveil the budget on 2nd May 2018. There are various taxes to be added especially on service-based businesses. The provincial government won’t be applying any major taxes on the general public.
The list includes the following taxes amending in the upcoming budget of 2018-19:
- Broadcasting services such as ad and broadcasting services including ads in magazine, newspapers, and journals etc.
- Insurance services providers.
- Courier services.
- Ride-hailing services tax.
- Rent-a-car services tax.
- Advertisement services tax.
- Proprietors of vehicles who provide carriage services for rent collection as well as debt collection, and cash collection etc.
The government is also thinking of up-lifting the reduced tax scheme of 5% for standalone marriage halls and caterers and restoring the full tax. Punjab Government plans to exempt the following service providers from any kind of tax:
- Legal experts such as lawyers.
- Maternity homes for the elderly.
- Medical centers as well as clinics.
