Withholding Tax On Small Wedding Halls Reduced By 75%

ISLAMABAD, (UrduPoint / Pakistan Point News - 23rd Jan, 2019 ) :Federal Minister for Finance Asad Umer Wednesday announced reduction of 75 percent in the taxes on weddings held in small marriage halls to facilitate the low and middle income people of the country.

Presenting the Economic Reforms Package in the National Assembly here, the minister said the government was determined to provide relief to the low and middle income group of people and had introduced several measure in this regard.

He said that currently tax of Rs 20,000 was being imposed on wedding functions held at wedding halls, marriage marquees and commercial lawns.

He said that under the new reforms package it has been suggested that tax on such function at a place under 500 square yard would be decreased to Rs 5000 only to lessen the burden on low income people.