AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,629 Increased By 103 (1.37%)
BR30 24,842 Increased By 192.5 (0.78%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)

PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) held a training workshop for the public sector withholding agents of district Swat to increase tax compliance and build their capacity in tax collection and withholding.

The workshop was arranged by KPRA Mardan and Malakand regions with the financial assistance of USAID-funded Khyber Pakhtunkhwa Revenue Mobilization Activity Swat Serena, said a press release issued here on Sunday. The participants were including officials of District Administration, Universities, Educational Boards, Local Government, Water, and Sanitation Services Mardan, and District Accounts.

Director General KPRA Capt. Shahbaz Tahir Nadeem (retd) in his address shed light on the role of the withholding agents in the administration and collection of sales tax. He told the participants that withholding is not a tax, it is a mechanism, and being government officers it is their responsibility under the law to withhold tax from the service providers.

“Our job is to facilitate you. Our Mardan and Malakand region is available for your support and assistance,” he said. He also shed light on the importance of sales tax on services for the development of the country and the province.

KPRA Additional Collector Mardan and Malakand Musarrat Zaman in their opening remarks thanked the participants for attending the workshop and USAID-KPRM for financially assisting KPRA in conducting the workshop. “KPRA is working on the education and training of its taxpayers and withholding agents.

The aim of the workshop is to build the capacity of government departments’ officers to efficiently withhold sales tax on services for KPRA and address issues they are facing within withholding tax from the service providers,” he said.

Deputy Collector Mardan and Malakand Abdul Wahab briefed the participants on the KP Sales Tax on Services Withholding Regulations 2020 and explained the whole process of how to calculate, and withhold sales tax from the service providers, and how to submit their sales tax returns.

“One the aims of the workshop was to educate withholding agents on the difference between the sales tax on goods which is administered by the Federal Board of Revenue and sales tax on services which is administered by KPRA,” he said adding that as per law it is the responsibility of withholding agents to properly calculate, withhold, submit sales tax on services for KPRA.

Assistant Collector KPRA Afaq Ali educated the participants on the taxable services that fall in the ambit of sales tax on services and the rates of the tax on different services and answered their queries.

Copyright Business Recorder, 2022

Comments

Comments are closed.