End of Entertainment; Punjab Govt Imposes 65% Entertainment Tax
Punjab govt has devised comprehensive strategy to impose “Entertainment Tax” on all cinemas working in the Province.
Punjab Excise and Taxation department had issued notice to all cinemas owner recently. According to notice 65% duty on admission tickets should be applicable.
It is worth mentioning here that all cinemas associations removed the self-imposed ban on Indian films due to loss in business.
New investor in the silver screens will now stop because of the new duty on cinemas indicated by the Pakistan Film Exhibitors Association.
Executive of the Pakistan Film Exhibitors Association Zohair Lashari said, Billions of Rupees investment has been injected in this business. The new tax will halt the future projects.
He further said “I hope CM Punjab will take action and will revert the decision” .
In the mean time, Punjab government’s side said, Finance Minister Doctor Ayesha Ghaus Pasha clarified that the government does not have any desire to bring on any undue damage to the films. She includes:
We don’t want to cause a negative impact to any industry, but we have to collect taxes especially from those sectors that have the ability to pay them. I will meet the minister of excise and taxation and the exhibitors to resolve this issue, said the minister
The recent increase in entertainment tax will decrease the number of people who visit cinemas and will hurt cinema owners all over Punjab.