PESHAWAR
\nThe KP government has announced that it will offer cash rewards to individuals who report or identify tax fraud in the province, while keeping their identities confidential.
\nRegulations to provide legal cover for this reward system, aimed at encouraging public whistleblowers, are in the final stages of development and will soon be implemented as part of efforts to combat tax evasion and fraud with the help of citizens.
\nThis was revealed by the Advisor to the Chief Minister of KP for Finance, Muzammil Aslam, during his visit to the headquarters of the Khyber Pakhtunkhwa Revenue Authority (KPRA).
\nAddressing the KPRA officers, he emphasized that strict action will be taken against those found guilty of tax fraud or evasion based on citizens\u2019 reports. He also announced that individuals who report such fraud will be rewarded with a cash prize, the amount of which will be decided soon.
\nDirector General of KPRA, Fouzia Iqbal, welcomed the Advisor with a bouquet and, along with her team, provided a detailed presentation on KPRA revenue collection for the first two months of the ongoing financial year. The KPRA has been given a revenue target of Rs. 47 billion for the fiscal year 2024-25, which is approximately 34% higher than last year\u2019s target of Rs. 35 billion.
\nThe Advisor was informed that KPRA collected Rs. 7.17 billion in the first two months of the current financial year, reflecting a 45% growth compared to the same period last year.
\nThe Advisor praised the efforts of the KPRA team and emphasized the importance of focusing on this year\u2019s revenue target.
\n\u201cI am confident that your team will not only achieve the target but surpass it by a significant margin,\u201d he said.
\nHe also advised KPRA officers to concentrate on large taxpayers rather than spending time on small businesses. Furthermore, he suggested that KPRA should begin sharing data with revenue authorities in other provinces and develop mechanisms for such cooperation.<\/p>\n","protected":false},"excerpt":{"rendered":"
PESHAWAR The KP government has announced that it will offer cash rewards to individuals who report or identify tax fraud in the province, while keeping their identities confidential. Regulations to provide legal cover for this reward system, aimed at encouraging public whistleblowers, are in the final stages of development and will soon be implemented as […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-430682","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-peshawar"},"yoast_head":"\n