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.
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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.
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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.
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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.
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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.
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Punjab Expands Broadening of Tax Base to District Level
Lahore, January 14, 2025 – The Punjab government has intensified its efforts to broaden the tax base by extending initiatives to the district level, aiming to incorporate more taxable services into the formal tax net. This step is part of a broader strategy to enhance revenue collection and ensure equitable compliance.
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PRA Broadens Single Sales Tax Return to Two Sectors
The Punjab Revenue Authority (PRA) has expanded the reach of its single sales tax return (SSTR) system to two additional sectors: the oil and gas sector and the microfinance banking sector. This initiative is part of PRA’s ongoing efforts to streamline tax compliance and facilitate ease of doing business in Punjab.
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PRA Collects Record Rs 239 Billion in Tax Revenue
Lahore, July 1, 2024 – The Punjab Revenue Authority (PRA) has achieved a significant milestone by collecting over Rs 239 billion in tax revenue during the Financial Year (FY) 2023-24.
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Punjab Government Unveils Taxation Structure for Immovable Property
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.
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Punjab’s Revenue Rally: Real Estate and Unexplored Sectors to Fuel Rs 240 Billion Goal
Lahore, July 23, 2023 — The Punjab Revenue Authority (PRA) is intensifying efforts to meet its ambitious tax collection target of Rs 240 billion for the fiscal year 2023-24 by expanding into unexplored sectors, especially the booming real estate industry.
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