FBR imposes 5% advance tax on marriage functions, other events
Advance tax has been imposed under Section 236D of Income Tax Ordinance, 2001.
ISLAMABAD (Web Desk) - The Federal Board of Revenue (FBR) on Friday imposed 5% advance tax on different functions including wedding, seminar, workshop, exhibition, concert, party or any other gathering at a hotel or any other commercial place.
“Every prescribed person shall collect advance tax at the rate of five percent on the total amount of the bill from a person arranging or holding a function in a marriage hall, marquee, hotel, restaurant, commercial lawn, club, a community place or any other place used for such purpose,” states a notification issued by the FBR.
The notification further states:”Where the food, service or any other facility is provided by any other person, the prescribed person shall also collect advance tax on the payment for such food, service or facility at the rate of five percent from the person arranging or holding the function.”
