AIRLINK 193.77 Decreased By ▼ -6.98 (-3.48%)
BOP 9.87 Decreased By ▼ -0.34 (-3.33%)
CNERGY 7.57 Decreased By ▼ -0.14 (-1.82%)
FCCL 39.41 Decreased By ▼ -0.65 (-1.62%)
FFL 16.29 Decreased By ▼ -0.52 (-3.09%)
FLYNG 25.84 Decreased By ▼ -0.81 (-3.04%)
HUBC 129.86 Decreased By ▼ -2.74 (-2.07%)
HUMNL 13.83 Decreased By ▼ -0.09 (-0.65%)
KEL 4.53 Decreased By ▼ -0.12 (-2.58%)
KOSM 6.47 Decreased By ▼ -0.12 (-1.82%)
MLCF 45.57 Decreased By ▼ -1.17 (-2.5%)
OGDC 209.11 Decreased By ▼ -3.32 (-1.56%)
PACE 6.72 Decreased By ▼ -0.18 (-2.61%)
PAEL 41.85 Increased By ▲ 0.57 (1.38%)
PIAHCLA 17.13 Increased By ▲ 0.13 (0.76%)
PIBTL 7.90 Decreased By ▼ -0.21 (-2.59%)
POWER 9.36 Decreased By ▼ -0.06 (-0.64%)
PPL 177.92 Decreased By ▼ -3.54 (-1.95%)
PRL 39.01 Decreased By ▼ -2.77 (-6.63%)
PTC 25.53 Increased By ▲ 0.83 (3.36%)
SEARL 106.73 Decreased By ▼ -5.11 (-4.57%)
SILK 0.99 Decreased By ▼ -0.01 (-1%)
SSGC 39.53 Decreased By ▼ -4.39 (-10%)
SYM 19.45 Increased By ▲ 0.47 (2.48%)
TELE 8.64 Decreased By ▼ -0.23 (-2.59%)
TPLP 12.53 Decreased By ▼ -0.39 (-3.02%)
TRG 65.34 Decreased By ▼ -2.13 (-3.16%)
WAVESAPP 11.15 Decreased By ▼ -0.27 (-2.36%)
WTL 1.73 Decreased By ▼ -0.06 (-3.35%)
YOUW 3.94 Decreased By ▼ -0.05 (-1.25%)
BR100 12,030 Decreased By -140.3 (-1.15%)
BR30 35,812 Decreased By -776.7 (-2.12%)
KSE100 113,520 Decreased By -1360.2 (-1.18%)
KSE30 35,651 Decreased By -473.7 (-1.31%)

PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) held a training workshop for the public sector withholding agents of district Swat to increase tax compliance and build their capacity in tax collection and withholding.

The workshop was arranged by KPRA Mardan and Malakand regions with the financial assistance of USAID-funded Khyber Pakhtunkhwa Revenue Mobilization Activity Swat Serena, said a press release issued here on Sunday. The participants were including officials of District Administration, Universities, Educational Boards, Local Government, Water, and Sanitation Services Mardan, and District Accounts.

Director General KPRA Capt. Shahbaz Tahir Nadeem (retd) in his address shed light on the role of the withholding agents in the administration and collection of sales tax. He told the participants that withholding is not a tax, it is a mechanism, and being government officers it is their responsibility under the law to withhold tax from the service providers.

“Our job is to facilitate you. Our Mardan and Malakand region is available for your support and assistance,” he said. He also shed light on the importance of sales tax on services for the development of the country and the province.

KPRA Additional Collector Mardan and Malakand Musarrat Zaman in their opening remarks thanked the participants for attending the workshop and USAID-KPRM for financially assisting KPRA in conducting the workshop. “KPRA is working on the education and training of its taxpayers and withholding agents.

The aim of the workshop is to build the capacity of government departments’ officers to efficiently withhold sales tax on services for KPRA and address issues they are facing within withholding tax from the service providers,” he said.

Deputy Collector Mardan and Malakand Abdul Wahab briefed the participants on the KP Sales Tax on Services Withholding Regulations 2020 and explained the whole process of how to calculate, and withhold sales tax from the service providers, and how to submit their sales tax returns.

“One the aims of the workshop was to educate withholding agents on the difference between the sales tax on goods which is administered by the Federal Board of Revenue and sales tax on services which is administered by KPRA,” he said adding that as per law it is the responsibility of withholding agents to properly calculate, withhold, submit sales tax on services for KPRA.

Assistant Collector KPRA Afaq Ali educated the participants on the taxable services that fall in the ambit of sales tax on services and the rates of the tax on different services and answered their queries.

Copyright Business Recorder, 2022

Comments

Comments are closed.