LCCI assures PRA of support in expanding the tax net

The Lahore Chamber of Commerce and Industry (LCCI) has pledged its support to the Punjab Revenue Authority (PRA) in its mission to broaden the tax net and promote business registration. This commitment was expressed during a meeting between LCCI representatives and PRA Chairman Moazzam Iqbal Sipra, where discussions revolved around the obstacles faced by freight forwarders and various tax-related issues.

The dialogue centered on addressing the challenges the business community encounters and implementing strategies to enhance the tax system.

Delegates from the LCCI emphasized that their organization would actively support the PRA in its endeavors to incorporate more enterprises into the tax framework. Speaking at the meeting, Sipra outlined the PRA's commitment to enhancing guidance and facilitating procedures for businesses, particularly concerning sales tax on services.

He highlighted the utilization of digital systems to streamline processes, thereby improving convenience, transparency, and effective monitoring of tax-related activities. Additionally, Sipra underscored the importance of incorporating stakeholder proposals to make the tax system more accommodating to businesses.

The PRA chairman stressed that the cooperation of the business community would be pivotal in expanding the tax net and ensuring compliance with tax regulations. He directed that special awareness sessions be organized to inform businesspeople about tax laws and procedures, aiming to facilitate a better understanding of their obligations.

Sipra also noted that the Punjab government is implementing practical measures to ease business operations and enhance the efficiency of the tax payment process, reflecting the government's dedication to creating a more conducive environment for businesses.