Punjab Finance Act, 2026 increases the concessionary sales tax rate for consultants and rent-a-car services from 5% to 8% without input tax adjustment.
(more…)Tag: PRA
-
Punjab raises concessionary tax rate to 8% for hotels and restaurants
Punjab Finance Act, 2026 increases the reduced sales tax rate from 5% to 8% for digitally paid hotel and restaurant services without input tax adjustment.
(more…) -
Punjab Finance Act 2026 tightens input tax adjustment rules
Punjab reduces the input tax adjustment cap to 80% and introduces a 12-month phased adjustment for capital goods under new sales tax reforms.
(more…) -
Punjab tightens active taxpayer rules under Finance Act 2026
New law links active taxpayer status to timely return filing, input tax claims, government licences and public procurement contracts.
(more…) -
PRA Moves to Extended Shifts, Suspends Weekends to Lift Revenue Performance
Punjab Revenue Authority tightens operational schedule to meet fiscal year targets by June 30
(more…) -
PRA launches crackdown on tax defaulters, seals nine business premises in Punjab
Enforcement drive targets defaulters, with food outlets, builders and housing societies penalised for tax violations.
LAHORE: The Punjab Revenue Authority (PRA) has intensified enforcement actions against tax defaulters across multiple cities in Punjab, sealing nine business premises and issuing warning notices to several other establishments.
(more…) -
PRA registers 33% jump in March tax collection
The Punjab Revenue Authority (PRA) reported a 33% increase in sales tax collection on services in March 2026, driven by improved enforcement and expanded taxpayer coverage, according to an official statement on Friday.
(more…) -
Punjab food sector faces new mandatory tax requirement
Lahore, March 16, 2026 – The Punjab Revenue Authority (PRA) has made tax registration mandatory for food businesses seeking registration with the Punjab Food Authority (PFA) as part of broader tax reforms aimed at expanding the provincial tax base.
(more…) -
PRA launches student-led campaign to promote tax awareness in Punjab
Lahore, March 12, 2026 – The Punjab Revenue Authority (PRA) has decided to launch a province-wide public awareness campaign to combat tax evasion by engaging students and educational institutions across Punjab.
(more…) -
Punjab Revenue Authority collects over Rs220 billion in 8MFY26
The Punjab Revenue Authority (PRA) has reported a remarkable tax collection of over Rs220 billion during the first eight months of the current fiscal year (8MFY26), marking a significant increase compared to the same period last year.
(more…)