PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) made certain amendments to the Sales Tax Special Procedure (withholding Agents Regulation 2015) in its 28th authority meeting held in the committee room on Tuesday.
According to a press release, the meeting was chaired by Muhammad Nasir Khan, Director General KPRAand attended by all the Directors of the Authority.
During the meeting, Fazal Amin Shah, Deputy Collector, presented the needful amendments for voting to members. The desired amendments were unanimously passed by the authority members.
Speaking on the occasion, KPRA DG said in the previous act there was a loophole due to which the relevant withholding agents were not willing to collect taxes. He stated that after this amendment, the authority would be able to ensure 100 per cent of the tax compliances which will ultimately contribute to provincial revenue.
Nasir Khan said the process of collection sales tax will now be more transparent and smooth after the amendment. He added that financial sustainability of the province was one of the core objectives of the KPRA which may not be easy to achieve without the cooperation of all stakeholders.
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