Provincial Finance Minister Hashim Javan Bakht says that in view of the economic situation after Corona, the special concession will be given in the sales tax imposed on the provision of services in the budget 2020-21, the Board of Revenue will pay all kinds of property tax.
According to details, in the third and final meeting of the Ministerial Committee on Resource Mobilization for the financial year 2020-21 chaired by the Punjab Finance Minister, Provincial Minister for Irrigation Mohsin Leghari, Minister for Excise and Taxation Hafiz Mumtaz Ahmed, Advisor for Agriculture Abdul Hai, Secretary Finance Abdullah Sanbal, Member Secretaries of the Board of Revenue and relevant departments attended.
The Secretary Board of Revenue apprised the Provincial Minister of the problems faced in the collection and said that the Board of Revenue has a wide potential for non-tax collection, lack of powers as compared to illegal seizures, stay orders, and court cases.
The committee also discussed matters related to excise and taxation department cinema owners, special measures regarding tax collection during Corona, and suggestions for enhancing the efficiency of the Board of Revenue. The provincial minister directed the finance secretary to discuss the suggestions received from the tax departments along with the recommendations of the committee in the cabinet meeting.
Extracted from City42 News