Punjab Introduces New Tax for Travel Agents on Card Transactions

The Punjab Revenue Authority (PRA) has rolled out a new directive for travel agents throughout the province, requiring them to collect an 8% tax on payments made via credit cards. This move is part of an effort to tighten up tax collection in the region.

According to recent communications sent to travel businesses, agents who sell air tickets will also need to set up invoice monitoring systems in their offices. This means that point-of-sale systems (POS) must be installed to keep track of transactions accurately.

This initiative aims to streamline operations and ensure compliance with tax regulations, reflecting the government’s ongoing efforts to enhance revenue collection in the travel sector.

As travel agents adapt to these changes, it’s important for them to stay informed and prepared for the implementation of these new rules. The tax collection process is set to be closely monitored by the PRA to ensure that all agents are in line with the new regulations.