Peshawar: The Khyber Pakhtunkhwa Revenue Authority (KPRA) managed to increase its tax collection by 65% during the previous (Fiscal Year) FY2019-2020; when contrasted with earlier statistics, according to a news source. During FY2018-19, it had collected PKR 10.41 billion in taxes; however, during the last fiscal year, this number had increased to PKR 17.20 billion.
Subsequently, the KPRA has set a tax collection target of PKR 20 billion for FY2020-2021, and is aiming to surpass this goal as well. The authority shared this information in a meeting held on Wednesday chaired by Chief Minister (CM) Mahmood Khan. Provincial Minister Finance Taimur Jhagra, Secretary Finance Atif-ur-Rehman, and Director General KPRA Fayyaz Ali Shah were also present at this meeting, among many others.
The members received a briefing where the authority gave an overview of its performance, goals, proposed legal/administrative reforms, sectoral/functional expansions of its functions, and the steps undertaken to facilitate taxpayers, etc. In addition, they were told that the KPRA had collected 50% of the province’s total taxes.
The CM lauded the efforts of the revenue authority and stated that an act should be passed to allow the authority to function independently, rather than under the Finance Act.
