INP
LAHORE
Punjab Finance Minister Hashim Jawan Bakhat has said that provincial government will give tax relief on voluntary registration with Punjab Revenue Authority (PRA) and start of new businesses in SME sector, besides reducing the tax rates on tourism, construction, recreational and entertainment services and reviewing the infrastructure cess along with tax facilitation for young entrepreneurs.
He expressed these views in the maiden meeting of the resources mobilization committee meeting here on Wednesday. The meeting was attended by secretary finance Abdullah Sumbal and other official concern of finance department and PRA.
Hashim Jawan Bakhat said that no proposal of revenue generation will be entertained which will create hurdles in business promotion and economic growth. He said that PRA promote the digital PRA concept for ease of doing business. The PRA ensures B2B electronic invoice, easy returns, online application processes and online implementation of regulations.
The PRA should improve its efficiency.
The members Board of Revenue and PRA proposed to review the agriculture tax and establishment of district committees to fix lease amount.
The Punjab Finance Minister instructed the BOR to present the suggestion with revenue estimates in the next meeting of resources mobilization.
