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PRA assigns Rs2.55b revenue collection target to Sialkot Excise

PRA assigns Rs2.55b revenue collection target to Sialkot Excise

SIALKOT: Punjab Revenue Authority (PRA) has given a fresh official target of recovery of Rs.2.55 billion to Excise and Taxation department in shape of different taxes from the people during the running fiscal year in Gujranwala Division’s all the six Sialkot, Narowal, Gujrat, Mandi Bahaud Din, Hafizabad and Gujranwala districts, besides, issuing the strict directions to the local E&T officials to launch a vigorous recovery campaign for achieving this target as well.

Sources told Customs Today that local excise and taxation special recovery teams would recover Rs1.31 billion as property taxes, Rs1.6 billion as motor tax, Rs12.4 million  as recreation tax, Rs70 million as excise duty, Rs.78.4 million as professional taxes and Rs14.1 million as luxury tax from the tax payers in this region.

The officials added that the excise and taxation has also given special  ten percent discount on the payment of token tax and five percent concession on the payment the property taxes till August 31,2017.

The senior officials have formulated 100 special recovery teams for property tax , profession tax, motor registration fee collection from the commuters in Gujranwala Division as well.