Khyber Pakhtunkhwa Revenue Authority (KPRA) will increase its annual revenue to Rs 50 billion by the year 2023. This was told during a briefing to the Chief Minister KP Mahmood Khan by the officials of the authority here at Chief Minister's Secretariat on Wednesday.
The chief minister was told that the share of KPRA in provincial tax receipts till March, 2019 remained at 54 percent as compared to Board of Revenue, Excise & Taxation and Transport, Departments shares of 25 percent, 16 percent and 5 percent respectively.
The total tax collection for the ongoing fiscal year, excluding telecom tax, is expected to be Rs 11 billion whereas for the year 2019-20 the total tax collection, is expected to be Rs 20 billion if sales tax on telecom services is restored by the Supreme Court of Pakistan.
The Chief Minister was informed that the reforms introduced by the incumbent Government have ensured increase in revenue generation. From July 2018 till November 2018 the average tax collection on monthly basis, excluding telecom tax, remained RS 750 million whereas after the introduction of reforms, from November 2018 till March 2019, the average tax collection on monthly basis has been rupees 857 million excluding telecom taxes.
These reforms include bringing the KPRA under the administrative control of Finance Department, preparing of revenue enhancement plan, implementation of the enhancement plan for the year 2018-19 and the launching of monthly performance reviews.
The meeting was further informed that since the suspension of Sales Tax on telecom services in May, 2018, KPRA has taken effective reforms and measures to reduce the gap by introducing reforms in other sectors. This is evident from the fact that the total tax collection during the previous fiscal year, including telecom tax, remained at Rs 7.59 billion whereas during the current financial year, excluding cellular telecom tax, Rs 7.17 billion have been collected so far.
The Chief Minister expressed satisfaction over the reforms and stated that every effort should be made to meet the set targets directing the concerned authorities to come up with a detailed plan explaining the ways and means to meet the targets set for the next financial year.
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