LAHORE: The Punjab Revenue Authority, Punjab’s premier revenue collection authority registers a substantial revenue growth of sales tax on services in the month of April.
According to the spokesperson the provisional revenue figures show that the Authority has collected a remarkable tax revenue of over Rs.14.112 billion in April 2022, highest ever collection by the Authority in the month of April registering an unprecedented growth of 45% than the Rs.9.720 billion collected in April 2021 last year.
According to the spokesperson the PRA in its first 10 months of the current FY 2021-22 has so far managed to collect a tax revenue of over Rs.138.7 billion showing a substantial growth of 19% over Rs.117 billion collected in the same time period last year suggesting the Authority is well on track to surpass its target of Rs.155.9 billion for the year.
This continued success and extraordinary growth shows that PRA’s policy of revenue collection through facilitation and education of taxpayers and collaboration with all stakeholders is continuing to pay dividends. It is worth mentioning that the collection figures are likely to increase further after the civil accounts are finalized.
