Pakistan introduces withholding tax on wedding halls
Wedding hall owners will be required to collect 10% withholding tax from clients in addition to the rental fee
In a move to boost revenue collection, Pakistan's tax collection authority — the Federal Board of Revenue of Pakistan (FBR) — has introduced a 10% withholding tax on wedding halls.
The decision, made in consultation with the Marriage Hall Association, will require wedding hall owners to collect 10% withholding tax from clients in addition to the rental fee.
"This tax will be collected from the client, and the wedding hall owners will have no connection with the tax amount," clarified Rana Raees, president of the Marriage Hall Association in Karachi.
The FBR's directive aims to increase revenue generation and bring the wedding industry into the tax net. Wedding hall owners have agreed to implement the withholding tax, which will be applicable to all wedding events.
Popular
Spotlight
More from Business
Pakistan equities outshine all major asset classes in 2024
The KSE-100 delivered a 75% return during the year
Comments
See what people are discussing