PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) has achieved revenue collection target of Rs 20.8 billion during financial year 2020-21. Despite the disastrous impact of Covid-19 on economic activities in the province, KPRA has showed 21.6 percent growth rate in the overall revenue collection as compared to financial year 2019-20.
According to official data, during 2019-20, the authority had collected Rs 17.1 billion and increased its overall revenue collection by 21 percent in 2020-21. It is worth mentioning that the Khyber Pakhtunkhwa government had given a huge tax relief package to the business community through cut in rates of sales tax on service on 28 different sectors in the year 2020-21. But, despite that reduction in tax rates KPRA still managed to meet its annual targets by expanding its tax net taking it to over 15,000 registered taxpayers.
Every regional office of the authority showed tremendous progress in meeting their annual revenue and non-revenue targets. Southern Region of KPRA was tasked to collect Rs 1.5 billion which was achieved successfully and even managed to exceed the target given to it. Similarly, Mardan Region has also exceeded its annual target of collecting Rs 800 million and the Northern Region collected Rs 928 million.
KPRA also exceeded the annual target given to it in the collection of Infrastructure Development Cess (IDC) and collected Rs 1410 million against the given target of Rs 1300 million under the head of IDC. Director General KPRA Fayyaz Ali Shah has appreciated the efforts of the KPRA staff for achieving the target and thanked the Chief Minister Khyber Pakhtunkhwa Mahmood Khan and Finance Minister Taimur Khan Jhagra for their support and supervision.
"It's a high moment for KPRA as we have continued our progress despite challenges posed by the pandemic. The efforts of my team are commendable and I am also grateful to the honorable Chief Minister Mahmood Khan and the honorable Finance Minister Taimur Khan Jhagra for their guidance and support," he said.
He vowed that the team of KPRA would continue its efforts for growth and further increase in revenue collection. He also expressed gratitude to the taxpayers and the withholding agents and people of Khyber Pakhtunkhwa for reposing trust in the government.
Copyright Business Recorder, 2021
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