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Punjab Minister for Finance Makhdoom Hashim Jawan Bakht said that there is a certain degree of trust deficit among the general public regarding the way the tax money is spent which we need to remove by ensuring transparency and giving confidence to the tax payers that the tax money will be spent in a judicious and transparent manner. He appreciated the Punjab Revenue Authority (PRA) in taking this unique initiative to highlight the importance of paying taxes to mark the tax day.
He said devolution of taxation always helps in increasing the revenues like in the case of sales tax on services where we witnessed phenomenal growth, and added that municipal taxation may also be devolved with appropriate capacity building.
He said the PTI government is focused on bringing reforms for ease of doing business and harmonization of taxation amongst the federal government and the federating units was on the agenda of this government.
He suggested that apart from acknowledging the existing taxpayers the new entrants in the taxation net should also be acknowledged. He assured that the filer status of the tax payers does not entail more surveillance rather PTI government would like to see an inspector less regime.
He said the federal government has planned to undertake structural reforms in the economy and these reforms will translate into strong economy with stable foundation in future.
He said the present government has provided sincere leadership and stressed that we have to assist the government in its efforts for resource mobilization. Minister for Revenue Hammad Azhar praised the PRA for bringing innovation and IT-based technology into its operations. He emphasized the necessity of raising adequate resources for sustaining the public service delivery. He said people must have confidence in their governments that their paid taxes would be spent in a transparent manner. Chairman Punjab Revenue Authority Javed Ahmed also spoke on the occasion.

Copyright Business Recorder, 2019

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