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.
Here are the taxes government will be bringing in the upcoming budget;
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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.
Punjab government has announced that services provided by the following will not be brought into the tax net;
The budget was discussed in a resource mobilization committee and is expected to be announced on 2nd May.