{"id":66751,"date":"2020-06-17T12:23:34","date_gmt":"2020-06-17T07:23:34","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66751"},"modified":"2020-07-01T15:24:38","modified_gmt":"2020-07-01T10:24:38","slug":"no-tax-on-health-sector-services-punjab","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/no-tax-on-health-sector-services-punjab.html","title":{"rendered":"Punjab Budget 2020-21: Reduction in professional tax, 0% tax on health sector services proposed"},"content":{"rendered":"\n<p>Lahore: The Punjab government has notified its intent to reduce the professional tax applicable on the various services provided by doctors and hospitals to 0% in Fiscal Year 2020-21 from the current 16% and 5%, respectively \u2014 according to news sources.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/budget-2020-21-relief-measures-for-real-estate-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">Budget 2020-21: Relief measures announced for real estate, construction sectors<\/a><\/p>\n\n\n\n<p>Finance Minister Makhdoom Hashim Javan Bakht shared the proposal during his budget speech on Monday. Announcing the measure recommended for various service providers, the minister also announced the government\u2019s intention to reduce tax on provision of various services, including real estate agencies, from the current 16% to 5%.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/punjab-budget-2020-21-tax-ride-hailing-services-reduced.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab Budget 2020-21: Tax on ride-hailing services reduced<\/a><\/p>\n\n\n\n<p>These service providers include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Real estate agencies<\/li><li>Small hotel setups<\/li><li>Guest houses<\/li><li>Wedding halls and marquees<\/li><li>Caterers<\/li><li>IT service setups<\/li><li>Gymnasiums<\/li><li>Rent-a-car businesses<\/li><li>Leather and textile treatment plants<\/li><li>Commission agents related to agricultural products &amp; businesses<\/li><li>Tour operators<\/li><li>Cable operators<\/li><li>Audit, accounting and tax consultants<\/li><li>Parking service providers<\/li><li>Photographers<\/li><\/ul>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/punjab-postpones-application-of-valualion-tables.html\" target=\"_blank\" rel=\"noreferrer noopener\">Budget 2020-21: Punjab postpones application of immovable properties\u2019 valuation tables<\/a><\/p>\n\n\n\n<p>He further stated that real estate developers and <a href=\"https:\/\/www.zameen.com\/news\/punjab-budget-2020-21-reduction-in-stamp-duty.html\" target=\"_blank\" rel=\"noreferrer noopener\">builders registered as taxpayers<\/a> with the authorities concerned will pay 0% tax for providing construction services. Bahkt also proposed imposition of 5% tax on customers paying bills at restaurants and saloons via credit and debit card instead of the regular 16% deducted from cash payments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Punjab government has notified its intent to reduce the professional tax applicable on the various services provided by doctors and hospitals to 0% in Fiscal Year 2020-21 from the current 16% and 5%, respectively \u2014 according to news sources. Read: Budget 2020-21: Relief measures announced for real estate, construction sectors Finance Minister Makhdoom Hashim Javan Bakht shared the proposal during his budget speech on Monday. Announcing the measure recommended for various service providers, the minister also announced the government\u2019s intention to reduce tax on provision of various services, including real estate agencies, from the current 16% to 5%. Read: Punjab Budget 2020-21: Tax on ride-hailing services reduced These service providers include: Real estate agencies Small hotel setups Guest houses Wedding halls and marquees Caterers IT service setups Gymnasiums Rent-a-car businesses Leather and textile treatment plants Commission agents related to agricultural products &amp; businesses Tour operators Cable operators Audit, accounting and tax consultants Parking service providers Photographers Read: Budget 2020-21: Punjab postpones application of immovable properties\u2019 valuation tables He further stated that real estate developers and builders registered as taxpayers with the authorities concerned will pay 0% tax for providing construction services. Bahkt also proposed imposition of 5% tax&hellip;<\/p>\n","protected":false},"author":18,"featured_media":61600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[31956,31882,31958,31959,31957],"persona":[],"class_list":{"0":"post-66751","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-professional-tax-ratio-in-punjab-2020-21","9":"tag-punjab-budget-2020-21","10":"tag-punjab-tax-on-real-estate-agencies-on-2020-21","11":"tag-tax-on-doctors-in-punjab","12":"tag-tax-on-punjab-health-sector","13":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Budget 2020-21: 0% tax on Punjab health sector services - Zameen News<\/title>\n<meta name=\"description\" content=\"The minister also announced to reduce tax on provision of various services, including those provided by real estate agenencies, from the current 16% to..\" \/>\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\/no-tax-on-health-sector-services-punjab.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Budget 2020-21: 0% tax on Punjab health sector services - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The minister also announced to reduce tax on provision of various services, including those provided by real estate agenencies, from the current 16% to..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/no-tax-on-health-sector-services-punjab.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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