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Wednesday 10 July, 2024
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Government to Offer Big Discount for Card and Wallet Payments at Islamabad Restaurants

BY Shahzad Saeed Jun 09, 2023. 07:20 pm

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The government has suggested lowering the tax rate on credit card payments for restaurant services from 15% to 5% in order to promote digital payments in the Federal Territory of Islamabad.

The budget document for 2023–24 states that this rate of tax applies to services offered by restaurants, including cafes, food (including ice cream) parlors, coffee shops, deras, food huts, eateries, resorts, and similar cooked, prepared, or ready-to-eat food service outlets, etc.

The tax rate has been set according to the proposal at 5% for payments made for services using debit or credit cards, mobile wallets, or QR scanning, subject to the restriction that no input tax adjustments or refunds shall be permitted, and 15% for payments made in cash.

On services offered or rendered by hotels, motels, guest houses, farmhouses, wedding chapels, lawns, clubs, and caterers, a 15% tax has been proposed.

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