Islamabad, August 20, 2023 – The Punjab government’s finance division has released a comprehensive report detailing the various types of taxes imposed on immovable property in the province.
Lahore, July 23, 2023 – The Punjab Revenue Authority (PRA) is striving to achieve its ambitious tax collection target of Rs 240 billion for the current financial year by exploring previously untapped sectors, with a special focus on real estate.
LAHORE: Foodpanda, an online food delivery platform, has welcomed the reduction in sales tax by Punjab Revenue Authority (PRA) to homechefs – people operating from their homes. In order to create a favorable business environment, the PRA decided to reduce sales tax on services being charged on commissions for home-based chefs. The rebate reduced sales […]
ISLAMABAD: The single sales tax portal is likely to start functioning by end of October 2021 to facilitate taxpayers falling under all federal and provincial revenue jurisdictions. In a statement, the Federal Board of Revenue (FBR) said that building further on its ongoing drive for digitization and automation of various processes involved in revenue collection, […]
LAHORE: Punjab Revenue Authority (PRA) has exempted the sales tax on services rendered by construction industry till June 30, 2020. The provincial authority issued a notification dated April 02, 2020 and allowed zero percent sales tax on services provided by construction sector for next three months. However, this exemption from tax is available with condition […]
LAHORE: The government of Punjab has granted exemption from sales tax on services to many sectors in order to dilute effects of coronavirus. The provincial government announced tax relief package to fight COVID-19 through a notification issued on April 02, 2020. According to a notification issued by Punjab Revenue Authority (PRA) the tax exemption has […]
LAHORE: Punjab Revenue Authority (PRA) has barred commissioner appeals from issuing any adverse order against taxpayers, who failed to appear due to lockdown for prevention of coronavirus. The PRA in an office order dated March 25, 2020 said that in view of the prevailing circumstances in the wake of coronavirus spread, no adverse orders may […]