Four Provincial Revenue Authorities Focus Taxpayers In Get Together
-- The Inter-Provincial Coordination meeting hosted by the Punjab Revenue Authority took cognizance of the issues relating to multiple compliances and inter-jurisdictional adjustment that were causing hardship for the taxpayers and discussed in detail the possible solutions to all such issues.
By Our Web Reporter
LAHORE– All four provincial revenue authorities are committed to working in close coordination with each other to redress the problems being faced by the taxpayers.
The resolve came at an Inter-Provincial Coordination meeting hosted by the Punjab Revenue Authority (PRA) at its headquarters on Monday.
The participants included Mushtaque Kazmi, Advisor SRB, Misri Ladhani, Chairman BRA, Iftikhar Qutub, Advisor KPRA and Zain ul AbidinSahi, Chaiperson PRA.
The authorities took cognizance of the issues relating to multiple compliances and inter-jurisdictional adjustment that were causing hardship for the taxpayers and discussed in detail the possible solutions to all such issues.
It was unanimously decided that the best way forward lay in automation and further enhancement in close coordination between the four provincial revenue authorities.
While discussing the development of a single portal/single return for sales tax, the participants expressed concern over lack of progress after the meeting held at the FBR Headquarters on July 11, 2019.
It was decided the provincial revenue authorities will hold a meeting with PRAL in coming week to resolve any pending technical or policy matters so that the single return can be launched as early as possible.
It was also decided that in case FBR needed further time for the project, the provinces will consider incrementally moving towards a single return for the provinces, beginning with the major sectors that operated across provinces.
This will reduce the number of declarations per year from 60 to 24 and if FBR also decided to join in instantly, the number will fall further to 12, i.e. one return for all sales tax jurisdictions.
It was also decided in the meeting that PRA would conduct a comparative analysis of the respective sales tax laws of all Provinces and identify the major areas of difference, after which a team comprising representatives of all four Authorities will work towards harmonization of laws and rules.
The representatives further decided to move towards a negative list of services in order to make compliance easier and avoid unnecessary litigation. The provincial revenue authorities will include the necessary legal amendments in the next Finance Bill.
Data sharing among the provinces was also discussed. SRB and KPRA expressed concern over the delay in full implementation of STRIVe, already implemented in PRA, in their respective provinces.
The matter of data sharing with FBR required for the implementation of STRIVe was decided to be taken up with FBR and PRAL again.
Other important matters including taxation of telecommunications sector, life insurance and incentives for the revival of the construction sector were also discussed at length.
All the participants reiterated that cooperation and coordination among the provincial revenue authorities was essential for the optimization of revenue and providing maximum ease of doing business.— PRESS RELEASE