AIRLINK 81.10 Increased By ▲ 2.55 (3.25%)
BOP 4.82 Increased By ▲ 0.05 (1.05%)
CNERGY 4.09 Decreased By ▼ -0.07 (-1.68%)
DFML 37.98 Decreased By ▼ -1.31 (-3.33%)
DGKC 93.00 Decreased By ▼ -2.65 (-2.77%)
FCCL 23.84 Decreased By ▼ -0.32 (-1.32%)
FFBL 32.00 Decreased By ▼ -0.77 (-2.35%)
FFL 9.24 Decreased By ▼ -0.13 (-1.39%)
GGL 10.06 Decreased By ▼ -0.09 (-0.89%)
HASCOL 6.65 Increased By ▲ 0.11 (1.68%)
HBL 113.00 Increased By ▲ 3.50 (3.2%)
HUBC 145.70 Increased By ▲ 0.69 (0.48%)
HUMNL 10.54 Decreased By ▼ -0.19 (-1.77%)
KEL 4.62 Decreased By ▼ -0.11 (-2.33%)
KOSM 4.12 Decreased By ▼ -0.14 (-3.29%)
MLCF 38.25 Decreased By ▼ -1.15 (-2.92%)
OGDC 131.70 Increased By ▲ 2.45 (1.9%)
PAEL 24.89 Decreased By ▼ -0.98 (-3.79%)
PIBTL 6.25 Decreased By ▼ -0.09 (-1.42%)
PPL 120.00 Decreased By ▼ -2.70 (-2.2%)
PRL 23.90 Decreased By ▼ -0.45 (-1.85%)
PTC 12.10 Decreased By ▼ -0.89 (-6.85%)
SEARL 59.95 Decreased By ▼ -1.23 (-2.01%)
SNGP 65.50 Increased By ▲ 0.30 (0.46%)
SSGC 10.15 Increased By ▲ 0.26 (2.63%)
TELE 7.85 Decreased By ▼ -0.01 (-0.13%)
TPLP 9.87 Increased By ▲ 0.02 (0.2%)
TRG 64.45 Decreased By ▼ -0.05 (-0.08%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,052 Increased By 75.9 (0.95%)
BR30 25,581 Decreased By -21.4 (-0.08%)
KSE100 76,707 Increased By 498.6 (0.65%)
KSE30 24,698 Increased By 260.2 (1.06%)

Ministry of Tourism (MoT) has contacted Central Board of Revenue (CBR) to rationalise taxation structure pertaining to hotels/travel agents to promote tourism industry in the country, sources told Business Recorder here on Wednesday.
Ministry of Tourism's task force has demanded of the government to curtail the number of taxes on the hotel industry for encouraging investment in the hotel sector.
In this connection, the 4th meeting of Task Force Committee will take place on February 21 in the Ministry of Tourism, Islamabad.
Sources said that the committee has recommended to the government to abolish hotel licence fee, TV licence fee on each TV set in a hotel room and State Bank Foreign Currency Dealers Licence fee as hotels are foreign exchange earners, but do not sell foreign exchange.
Moreover, provincial bed tax should be abolished in Sindh, Punjab and Balochistan, as it is not applicable in NWFP and Islamabad. Sindh and Punjab are charging provincial bed tax as 'capacity tax' irrespective of bed occupancy in hotels.
According to another proposal, entertainment duty payable to provincial governments by hotels be abolished. It is paid on arranging function/show for provision of entertainment.
The committee has also identified various federal/provincial taxes which did not yield substantial revenue but are irritants to the hotel industry like wireless licence fee, cable operator fee and radio licence fee, etc.
Task Force further suggested retention of income tax, corporate tax, conservancy/water tax, education cess and demanded rationalisation of general sales tax (GST) and customs duty for the hotel industry.
On the issue of travel agents, it has been recommended that airport tax be rationalised and only one minimum amount be charged on international/domestic class, first class, business class, economy class.
Sources added that it is expected that senior tax officials along with other relevant departments will participate in the meeting.

Copyright Business Recorder, 2004

Comments

Comments are closed.