Punjab government will be announcing the provincial budget for the 2018-19 fiscal year soon. Uber, along with other ride-hailing services, are expected to be taxed at 5% in a new tax called “Ride-hailing services tax”.
A number of other taxes are also going to be added, mostly on service-based businesses. Overall, the government representatives say that this budget will be exempted from any major taxes on the general public.
Punjab Budget 2018-19
Here are the taxes government will be bringing in the upcoming budget;
- Ride-hailing services tax,
- Rent-a-car services tax,
- Advertisement services tax,
- Broadcasting services. The ad and broadcasting services include ads in magazine, newspapers, and journals etc.
- Courier services,
- Insurance services provider,
- Proprietors of vehicles providing carriage services for rent collection, debt collection, and cash collection etc.
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The government is also contemplating restoring the full tax on standalone marriage halls and caterers. The tax on these is currently being charged at 5% under a tax scheme.
Tax Exemptions
Punjab government has announced that services provided by the following will not be brought into the tax net;
- Health experts in the non-public sector.
- Clinics,
- Medical centres,
- Maternity homes
- Legal experts.
The budget was discussed in a resource mobilization committee and is expected to be announced on 2nd May.
Chillax my Pure-Peers…. Election ka saal hai.. #CMShabaaz needs re-election funding or something..
another burden on the poor masses. But they deserve it 100%. After choosing the corrupt and still supporting them.
Are they crazy?