{"id":66745,"date":"2020-06-17T09:34:00","date_gmt":"2020-06-17T04:34:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66745"},"modified":"2020-06-16T18:36:10","modified_gmt":"2020-06-16T13:36:10","slug":"punjab-budget-2020-21-tax-ride-hailing-services-reduced","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/punjab-budget-2020-21-tax-ride-hailing-services-reduced.html","title":{"rendered":"Punjab Budget 2020-21: Tax on ride-hailing services reduced"},"content":{"rendered":"\n<p>Lahore: The Punjab government has added the country&#8217;s ride-hailing services to the list of services eligible for sales tax under the Punjab Sales Tax on Services Act 2012 \u2013 effectively meaning that the tax payable has also declined from 16% to 4% (under the stipulations of Budget 2020-21), a news source reported. Through this measure, the total number of services listed under the tax net in Punjab has risen to 69.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/punjab-budget-2020-21-reduction-in-stamp-duty.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab Budget 2020-21: Reduction in stamp duty, tax exemption for builders proposed<\/a><\/p>\n\n\n\n<p>The ride hailing service were previously paying a higher tax amount \u2013 under the rent-a-car services category. However, no other tax has been imposed for the Fiscal Year 2020-21 and a number of taxes have been slashed.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/punjab-budget-2020-21-pkr-400mn-allocated-to-tourism-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab Budget 2020-21: PKR 400mn allocated to tourism sector<\/a><\/p>\n\n\n\n<p>Furthermore, the tax rates on a number of services have been reduced from 16% to 5% and in some case have been reduced to zero as well. The government through these measures, not only expects to boost economic activities but also hopes to increase the revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Punjab government has added the country&#8217;s ride-hailing services to the list of services eligible for sales tax under the Punjab Sales Tax on Services Act 2012 \u2013 effectively meaning that the tax payable has also declined from 16% to 4% (under the stipulations of Budget 2020-21), a news source reported. Through this measure, the total number of services listed under the tax net in Punjab has risen to 69. Read: Punjab Budget 2020-21: Reduction in stamp duty, tax exemption for builders proposed The ride hailing service were previously paying a higher tax amount \u2013 under the rent-a-car services category. However, no other tax has been imposed for the Fiscal Year 2020-21 and a number of taxes have been slashed. Read: Punjab Budget 2020-21: PKR 400mn allocated to tourism sector Furthermore, the tax rates on a number of services have been reduced from 16% to 5% and in some case have been reduced to zero as well. The government through these measures, not only expects to boost economic activities but also hopes to increase the revenue.<\/p>\n","protected":false},"author":57,"featured_media":61600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[31945],"persona":[],"class_list":{"0":"post-66745","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-punjab-budget-2020-21-tax-on-ride-hailing-services-reduced","9":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Punjab Budget 2020-21: Tax on ride-hailing services reduced - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Punjab government has added the country&#039;s ride-hailing services to the list of services eligible for sales tax under the Punjab Sales Tax on Services Act 2012 \u2013 effectively meaning that the tax payable has also declined from 16% to 4% (under the stipulations of Budget 2020-21), a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/punjab-budget-2020-21-tax-ride-hailing-services-reduced.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Punjab Budget 2020-21: Tax on ride-hailing services reduced - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The Punjab government has added the country&#039;s ride-hailing services to the list of services eligible for sales tax under the Punjab Sales Tax on Services Act 2012 \u2013 effectively meaning that the tax payable has also declined from 16% to 4% (under the stipulations of Budget 2020-21), a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/punjab-budget-2020-21-tax-ride-hailing-services-reduced.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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