The Federal Board of Revenue (FBR) has introduced a 10% withholding tax on wedding events, with wedding hall owners set to collect the levy on upcoming bookings.
An agreement to implement the tax was reached during a meeting between FBR officials and the Wedding Halls Association. “A percentage of withholding tax will also be applied to the booking of any event in wedding halls,” said Rana Raees, the association’s president.
The move is part of the FBR’s efforts to address a substantial revenue shortfall. In November 2024, the authority collected Rs855 billion, falling Rs149 billion short of its Rs1,003 billion target.
The tax on weddings is seen as a measure to enhance collections in a sector that has historically evaded strict taxation. The Wedding Halls Association has committed to ensuring compliance with the new directives.
Prime Minister Shehbaz Sharif convened a high-level meeting of Pakistan’s National Security Committee (NSC) on…
An Indian Border Security Force (BSF) soldier has been taken into custody by Pakistan Rangers…
Meezan Bank, Pakistan’s first and largest Islamic bank, welcomed a high-level delegation from Malaysia to…
The six-day blockade of the National Highway in Sindh has brought local trade and industrial…
Pakistan’s fertilizer supply chain is facing severe disruptions as ongoing sit-ins and road blockades in…
Khushhali Microfinance Bank (KMBL) successfully concluded its participation in Pakistan Financial Literacy Week (PFLW) 2025,…
This website uses cookies.
