PRA registers 35,000 new businesses in tax drive
LAHORE: The Punjab Revenue Authority (PRA) has registered 35,000 new businesses across Punjab during the past year as part of efforts to expand the provincial tax net. PRA Chairman Moazzam Iqbal Sipra, while chairing a review meeting on business registration and tax-net expansion targets, directed officials to ensure transparency in tax returns and compliance alongside registration. He said the…
LAHORE: Over the past year, the Punjab Revenue Authority (PRA) has successfully registered 35,000 new businesses in the province as part of a campaign to broaden the tax base. During a review meeting on this initiative, PRA Chairman Moazzam Iqbal Sipra emphasized the importance of transparency and compliance alongside the registration process.
He instructed officials to maintain transparency in tax returns and ensure adherence to tax regulations. The PRA plans to enhance its digital monitoring capabilities, with businesses generating up to Rs500,000 in monthly sales to be integrated into the Electronic Invoice Monitoring System (e-IMS). This move aims to improve transparency in transactions and tax payments.
Sipra stressed that the registration of these businesses was not merely about increasing the number of taxpayers, but also about promoting tax transparency and fostering digital economic growth. He directed commissioners to conduct awareness sessions on tax laws and compliance for businesses. The chief minister has directed the PRA to establish an easy, transparent, and modern digital tax system for all taxpayers.
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