Budget 2021-22: Punjab Proposes Tax Cut on 10 Businesses

The Punjab government has proposed a decrease in tax rate for various businesses of the services sector in the budget for fiscal year 2021-22.

Punjab Finance Minister Hashim Jawan Bakht while presenting the budget said that 16% sales tax on tens services will be reduced to 5% in the next fiscal year.

The ten sectors include,  

  • Rental bulldozers services
  • Dress designers
  • Warehouse services
  • Construction machinery services
  • Town planners
  • Beauty parlours
  • Fashion designers
  • Dry cleaners
  • Architect
  • Home chefs

Earlier, Punjab cabinet approved proposals for budget with total outlay of Rs2.653 billion. Provincial ministers, advisors, special assistants, chief secretary and concerned secretaries attended the budget session.

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