newsdog Facebook

Punjab targets new services to raise revenues

News Summed Up 2019-06-15 05:30:00

Ten more servic足es added to provin足cial taxati足on networ足kLAHORE: The Punjab government, in the first full-fledged budget under the Pakistan Tehreek-e-Insaf administration, has focused on increasing provincial revenues by imposing taxes on more services. Ten new services have been proposed to be added to the provincial taxation network, most of which were never considered by previous governments. Persons other than companies owning commercial establishments having 10 or more employees were recommended to be taxed Rs6,000 per annum. Registered medical practitioners were proposed to be taxed Rs4,000 per annum and homeopaths, Hakeems and Ayurvedics would be charged Rs3,000 annually. Management of audit firms are liable to be taxed Rs6,000 whereas tax consultants, architects, engineering, technical and scientific consultants within metropolitan limits would be taxed Rs6,000 per annum.