Skip to main content

Restaurants in Islamabad will now only charge 5% in taxes instead of 15% when you pay with a card.

Image
By

 


The government of the Federal Territory of Islamabad has put forward a proposal aimed at promoting the use of digital payments, specifically within the realm of restaurant services. Currently, individuals who utilize credit cards to pay for their dining experiences are subjected to a tax rate of 15 percent. However, the proposed plan suggests a significant reduction in this tax rate, lowering it to a mere 5 percent.


This revised tax rate will apply to a wide range of food establishments, encompassing restaurants, cafes, coffee houses, and food parlors. Consequently, customers who opt to make payments through debit or credit cards, mobile wallets, or QR scanning will greatly benefit from this favorable adjustment in the tax rate.


It is important to emphasize that this provision does not grant any provisions for tax adjustments or refunds on previously paid taxes. Additionally, it is worth noting that the tax rate for cash payments will remain unaltered, standing firm at 15 percent.

Comments

Post a Comment

Popular posts from this blog

By
  Dubai Mall: Dubai Mall is a world-renowned shopping and entertainment destination located in Dubai, United Arab Emirates. It is one of the largest and most visited malls globally, offering a vast array of retail, dining, and entertainment experiences. Here are some key points about Dubai Mall: 1.        Size and Layout:  Dubai Mall covers an impressive area of over 13 million square feet, equivalent to more than 50 soccer fields. It features multiple levels and zones, each dedicated to different types of experiences and offerings. 2.        Retail and Luxury Brands:  The mall boasts a remarkable collection of over 1,200 retail outlets, including flagship stores, global brands, luxury boutiques, and designer labels. Visitors can find an extensive range of fashion, accessories, electronics, cosmetics, home goods, and much more. 3.        Entertainment and Attractions:  D...
Post a Comment
Read more

COAS Asim Munir Assures Govt of All Help for Pakistan’s Economic Developmemt

By
National Seminar on Agriculture and Food Security Throughout the national Seminar on Agriculture and food protection held at the Jinnah convention Centre, chief of military staff (COAS) Asim Munir confident the coalition authorities of Pakistan of unwavering support for the u . s .’s economic improvement. general Asim emphasized that the military is completely prepared to offer all possible cooperation to facilitate Pakistan’s progress. He expressed his backing for projects just like the inexperienced Pakistan Initiative, which became launched at some stage in the seminar, and highlighted the kingdom’s ample assets and boom potential. Prime Minister Shehbaz Sharif, who become also gift on the event, stressed the significance of agriculture and its role in producing employment possibilities. He emphasised the need to deal with the losses incurred via nation-owned companies and highlighted Pakistan’s capacity to attract great investment inside the comin...
Post a Comment
Read more

PMDC submits application for WFME Recognition

By
ISLAMABAD: The Pakistan clinical and Dental Council (PMDC), after completing mandatory necessities, has carried out to the world Federation for clinical schooling (WFME) for its accreditation programme and to to provoke the system. After the promulgation of the PM&DC Act 2022, the council took up the problem of the WFME reputation on precedence. President PM&DC Prof. Dr. Rizwan Taj constituted a WFME accreditation mobile which include professionals from throughout Pakistan and conducted numerous conferences for significant deliberation to meet all of the requirements of the WFME utility. PMDC furthermore, performed diverse workshops national for the said cause. nearly 124 faculties participated in the workshop. The panel of professionals from all around the country became taken on board for the WFME accreditation process. in the first step, the WFME after assessing the PMDC’s utility has authorised its e...
Post a Comment
Read more