As part of training sessions PRA has initiated the orientation workshops on withholding taxes for withholding agents from different sectors. Commissioners, officers i.e. Dr. Javed Iqbal (Member Operations), Ms. Ifra Tabasum (Addt. Commissioner), Ms Zill-e-Huma (E.O.), Ms. Sobia (E.O.), Mr. Danish (E.O.), Mr. Ali Raza Hashmi (E.O.) shall be conducting these sessions on daily basis. The plan includes facilitating and training almost 250 account officers from different organizations i.e. Lahore Transport Company, Pepco, Punjab Skills development, LESCO, Punjab Food Authority, Services Hospital, Punjab Institute of Cardiology, Director General Public Relation, Punjab Building Departments , Punjab Forensic Science Agency, University of Education , Gulab Devi Hospital, Punjab Social Security Health Management Company, Punjab Seed Cooperation, Quaid e Azam Thermal Power Pvt Ltd , National Power Parks Management Company, Parks & Horticulture, Kinnaird College, Mayo Hospital, Directorate of Social Welfare & Bait -ul- Maal, Mines Labor welfare Organization, Tepa, Punjab Health Care commission, Home Department, King Edward Medical University, Lahore School of Economics, Pakistan Agriculture Storage & Services Co-operation etc.
In a meeting held at PRA Headquarters on Tuesday, 14th July 2020, Chairperson PRA along with Commissioner (Enforcement) and Additional Commissioner (HQ), discussed the issues being faced by the Marriage Halls Association. The members of the Association were apprised of the relief provided to the sector in the Finance Act, 2020 with the reduction of PSTS rate from 16% to 5%. The Association pledged support to PRA in its efforts to improve compliance. Chairperson PRA assured the members that no coercive actions will be taken against compliant taxpayers and the PRA will work in close collaboration with all stakeholders to improve compliance and revenue collection and will achieve the revenue target of Rs.125 billion for the current financial year through a combination of enforcement, facilitation and cooperation.
The Punjab Revenue Authority registered a collection of Rs.108.571 billion during the financial year 2019-20 against the revised target of Rs.105 billion, registering a growth of 15.4% over the Rs.94.091 billion collected during 2019-20. This is not only the highest collection among all revenue collecting agencies of the Punjab but is also more than the collection by any other Provincial Revenue Authority. In the midst of an unprecedented economic slump due coronavirus pandemic and the consequent lockdown, PRA relied on taxpayers education and facilitation and achieved this target without any coercive recovery measures or advance payments. The performance is all the more remarkable in view of the unprecedented relief package announced by the Government of the Punjab in April, 2020 whereby the rate of sales tax on services on more than twenty services, including construction, was reduced to zero percent. The package also reduced the rate of Punjab Infrastructure Development Cess to zero percent. With the economy still under the effects of the pandemic, PRA is confident of achieving the target of Rs.125 billion for the financial year 2020-21 with a focus on broadening of tax base and ensuring compliance. Through the Finance Act, 2020, the Government of the Punjab has reduced the rate of Punjab Sales Tax on Services from 16% to 5% on more than twenty services and also reduced the rate on payments made through credit / debit cards to restaurants and beauty parlours to 5%, to incentivize compliance and documentation. PRA plans to use these measures as well as consultation with all stakeholders to optimize revenue collection.