AIRLINK 200.75 Increased By ▲ 7.19 (3.71%)
BOP 10.21 Increased By ▲ 0.26 (2.61%)
CNERGY 7.71 Decreased By ▼ -0.22 (-2.77%)
FCCL 40.06 Decreased By ▼ -0.59 (-1.45%)
FFL 16.81 Decreased By ▼ -0.05 (-0.3%)
FLYNG 26.65 Decreased By ▼ -1.10 (-3.96%)
HUBC 132.60 Increased By ▲ 0.02 (0.02%)
HUMNL 13.92 Increased By ▲ 0.03 (0.22%)
KEL 4.65 Increased By ▲ 0.05 (1.09%)
KOSM 6.59 Decreased By ▼ -0.03 (-0.45%)
MLCF 46.74 Decreased By ▼ -0.86 (-1.81%)
OGDC 212.43 Decreased By ▼ -1.48 (-0.69%)
PACE 6.90 Decreased By ▼ -0.03 (-0.43%)
PAEL 41.28 Increased By ▲ 0.04 (0.1%)
PIAHCLA 17.00 Decreased By ▼ -0.15 (-0.87%)
PIBTL 8.11 Decreased By ▼ -0.30 (-3.57%)
POWER 9.42 Decreased By ▼ -0.22 (-2.28%)
PPL 181.46 Decreased By ▼ -0.89 (-0.49%)
PRL 41.78 Decreased By ▼ -0.18 (-0.43%)
PTC 24.70 Decreased By ▼ -0.20 (-0.8%)
SEARL 111.84 Increased By ▲ 5.00 (4.68%)
SILK 1.00 Increased By ▲ 0.01 (1.01%)
SSGC 43.92 Increased By ▲ 3.82 (9.53%)
SYM 18.98 Increased By ▲ 1.51 (8.64%)
TELE 8.87 Increased By ▲ 0.03 (0.34%)
TPLP 12.92 Increased By ▲ 0.17 (1.33%)
TRG 67.47 Increased By ▲ 0.52 (0.78%)
WAVESAPP 11.42 Increased By ▲ 0.09 (0.79%)
WTL 1.79 No Change ▼ 0.00 (0%)
YOUW 3.99 Decreased By ▼ -0.08 (-1.97%)
BR100 12,170 Increased By 125.6 (1.04%)
BR30 36,589 Increased By 8.6 (0.02%)
KSE100 114,880 Increased By 842.7 (0.74%)
KSE30 36,125 Increased By 330.6 (0.92%)

The government has withdrawn sales tax from the services provided by laundries, dry cleaners and marriage halls. The decision has been announced as a part of government policy to allow small and medium enterprises to grow without imposition of sales tax. Services provided/rendered by laundries & dry cleaners and marriage halls/lawns are chargeable to sales tax @ 15 percent under the Sales Tax Ordinance, 2000.
Despite best efforts, compliance in these small and medium size businesses could not be ensured primarily due to thefact that they do not have significant tax-paid inputs to offset the cost of services. It is, therefore, proposed to withdraw sales tax on the aforesaid regimes.

Copyright Business Recorder, 2005

Comments

Comments are closed.