Budget 2020-21: Punjab to give relaxation in sales tax
Punjab finance minister stresses on bringing more sectors, people in tax net
Representational image. PHOTO: REUTERS
LAHORE:
The Punjab government will provide relaxation in sales tax on services, besides facilitating in property tax collection, extension in entertainment duty along with reduction in tax rate in the upcoming budget 2020-21 in the backdrop of Covid-19 pandemic in the country.
This was decided in the final meeting of the Ministerial Committee on Resources Mobilisation 2020-21, chaired by Punjab Minister for Finance Hashim Jawan Bakhat on Thursday.
The minister questioned the excise and taxation department officials that despite reduction in duties and taxes in Punjab why vehicles on the roads in the province were being registered in other provinces. He further instructed the excise and taxation officials to create awareness about reduction of duties and taxes on vehicles registration in Punjab so that maximum vehicles would be registered in the province. The finance minister stressed the need for bringing more people and sectors in the tax net rather than putting the burden on existing taxpayers.
Published in The Express Tribune, June 5th, 2020.
The Punjab government will provide relaxation in sales tax on services, besides facilitating in property tax collection, extension in entertainment duty along with reduction in tax rate in the upcoming budget 2020-21 in the backdrop of Covid-19 pandemic in the country.
This was decided in the final meeting of the Ministerial Committee on Resources Mobilisation 2020-21, chaired by Punjab Minister for Finance Hashim Jawan Bakhat on Thursday.
The minister questioned the excise and taxation department officials that despite reduction in duties and taxes in Punjab why vehicles on the roads in the province were being registered in other provinces. He further instructed the excise and taxation officials to create awareness about reduction of duties and taxes on vehicles registration in Punjab so that maximum vehicles would be registered in the province. The finance minister stressed the need for bringing more people and sectors in the tax net rather than putting the burden on existing taxpayers.
Published in The Express Tribune, June 5th, 2020.