LAHORE: The Punjab Revenue Authority (PRA) collected Rs13.45 billion on account of sales tax on services in August 2022, which is 33 per cent higher than the previous corresponding month’s collection — Rs10.11bn.
“The overall revenue collection during this fiscal year till August end stands at Rs27.8bn which is higher than Rs20.59bn generated during the same period of last year showing a significant increase of 35pc. This indicates a promising performance during the first quarter of FY 2022-23,” said a spokesperson for the authority.
The authority did not resort to any coercive measures for the collection of taxes rather it focused on taxpayers’ education and facilitation through training workshops and PRA’s own online complaint/facilitation portal.
It is also focusing on broadening of the tax base through the registration of new taxpayers.
The consistent upward trend in revenue collection suggests that the authority will achieve its assigned targets successfully through adopting strategies of taxpayer facilitation and education duly complemented by the broadening of the tax base.
Published in Dawn, September 3rd, 2022