Pak Punjab beauty parlours may soon be under tax netMay 8th, 2009 - 2:43 pm ICT by ANI
Lahore, May 8 (ANI): Marred by sagging tax revenue collections, the government in Pakistan’s Punjab Province is toying with the idea of bringing beauty parlours and private education institutions into the tax net.
The provincial government expects that by bringing beauty parlours and other indigenous businesses under the tax umbrella could bolster its bank accounts by millions of rupees.
According to the Daily Times, the Punjab government has directed the Excise and Taxation Department to submit proposals regarding the imposition of new tax on profit earning businesses such as beauty parlours and private education.
Beauty parlour business in Pakistan has witnessed a tremendous rise over the past five years, with over 60 ‘A-class’ parlours doing brisk business in Lahore itself.
The extent of the profit earned by these parlours can be gauged from their price list, charging anything in between 10,000 to 20,000 to make bride and grooms look best on their most important day of life.
With clientele of the parlours increasing tremendously and more socially acceptable, no wonder the government is eyeing to earn huge profits from the beauty business. (ANI)
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