Karachi Metropolitan Corporation Eyes Rs1 Billion Revenue from New Tax

KMC eyes Rs1bn annual revenue from tax on hotels, marriage halls

KARACHI: The Karachi Metropolitan Corporation (KMC) is preparing to impose a new tax on hotels, restaurants, guest houses, lodges, marriage halls, marquees, marriage lawns, Airbnb properties and wedding banquet facilities to generate Rs1 billion annually. If approved by the City Council, the ‘entertainment tax’ will be collected at the rate of one per cent of the total bill generated by hotels, marriage halls, etc. Officials said that the municipal authority intends to seek approval for the t...

By none@none.com (Imran Ayub)