Islamabad: The Government of Pakistan has decided to impose 5% tax on 12 service sectors in the federal capital, reported a news source. The soon-to-be-taxed services also included the service provided by the estate agents for sale and purchase of property.
More prominent of these include corporate law consultants, public relation services, auction services, airport service, visa processing, flower and decoration services, home and office furnishing, photography and filmmaking, chartered accountants, stock brokers community, tax consultants and services offered for sale and purchase of immovable assets.
According to an official of the Federal Board of Revenue (FBR), tax on these sectors will be incorporated during 2018-19 through Islamabad Capital Territory (Tax on Service) Ordinance 2001. In the fiscal year 2017-18, the FBR had imposed services tax on few sectors and has now decided to extend it to 12 more sectors.
