{"id":77263,"date":"2021-06-23T11:59:42","date_gmt":"2021-06-23T06:59:42","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=77263"},"modified":"2021-06-23T11:59:47","modified_gmt":"2021-06-23T06:59:47","slug":"kp-sales-tax-relief-31-industries","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/kp-sales-tax-relief-31-industries.html","title":{"rendered":"KP to offer sales tax relief to 31 service industries"},"content":{"rendered":"\n<p>Peshawar: The Khyber-Pakhtunkhwa Revenue Authority (KPRA) has proposed a reduction of sales tax on 31 service industries, including the real estate business in the<a href=\"https:\/\/www.zameen.com\/news\/budget-kp-allocates-pkr-371-bn-development.html\" data-type=\"post\" data-id=\"77196\" target=\"_blank\" rel=\"noreferrer noopener\"> fiscal year 2021-22 (FY 22)<\/a>, news sources reported. The tax reduction suggestions will be part of the Finance Act 2021 which is scheduled to be tabled in the provincial assembly soon.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-forms-committee-resolve-tax-refund-issues-kp.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR forms committee to resolve tax refund issues in KP<\/a><\/p>\n\n\n\n<p>According to a press release from the provincial revenue department, the decision was taken in response to taxpayer requests. As part of the tax relief, ten of the benefitting industries will be subjected to only 1% sales tax during FY 22. A list of the industries that will benefit from the relief is as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Print media advertisements<\/li><li>Property dealers<\/li><li>Agriculture cold storage and warehouse<\/li><li>Industrial workshops<\/li><li>Car wash services<\/li><li>Cinematographic services<\/li><li>Quality assurance and inspection services<\/li><li>Auctioneers<\/li><li>Installation and commissioning services<\/li><li>Underwriter service<\/li><\/ul>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/scci-urges-for-special-tax-concessions-in-budget.html\" target=\"_blank\" rel=\"noreferrer noopener\">SCCI urges for special tax concessions in upcoming budget<\/a><\/p>\n\n\n\n<p>Moreover, the hotel tax in Naran and Kaghan has been cut from 8% to 5% in order to boost tourism in the province. Also, the sales tax on club services and local independent and local chain hotels has been lowered from 15% to 8%. The sales tax on mines and minerals has been lowered from 15% to 2%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peshawar: The Khyber-Pakhtunkhwa Revenue Authority (KPRA) has proposed a reduction of sales tax on 31 service industries, including the real estate business in the fiscal year 2021-22 (FY 22), news sources reported. The tax reduction suggestions will be part of the Finance Act 2021 which is scheduled to be tabled in the provincial assembly soon. Read: FBR forms committee to resolve tax refund issues in KP According to a press release from the provincial revenue department, the decision was taken in response to taxpayer requests. As part of the tax relief, ten of the benefitting industries will be subjected to only 1% sales tax during FY 22. A list of the industries that will benefit from the relief is as follows: Print media advertisements Property dealers Agriculture cold storage and warehouse Industrial workshops Car wash services Cinematographic services Quality assurance and inspection services Auctioneers Installation and commissioning services Underwriter service Read: SCCI urges for special tax concessions in upcoming budget Moreover, the hotel tax in Naran and Kaghan has been cut from 8% to 5% in order to boost tourism in the province. Also, the sales tax on club services and local independent and local chain hotels has been lowered&hellip;<\/p>\n","protected":false},"author":84,"featured_media":75428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[46414,46415],"persona":[],"class_list":{"0":"post-77263","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-kp-reduces-tax-on-service-industries","9":"tag-kp-tax-relief","10":"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>KP to offer sales tax relief to 31 service industries - Zameen News<\/title>\n<meta name=\"description\" content=\"Peshawar: The Khyber-Pakhtunkhwa Revenue Authority (KPRA) has proposed a reduction of sales tax on 31 service industries, including the real estate\" \/>\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\/kp-sales-tax-relief-31-industries.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KP to offer sales tax relief to 31 service industries - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Peshawar: The Khyber-Pakhtunkhwa Revenue Authority (KPRA) has proposed a reduction of sales tax on 31 service industries, including the real estate\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/kp-sales-tax-relief-31-industries.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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