1 / 9

Provincial Taxation System

Provincial Taxation System. Muhammad Aamir Ilyas. Tax systems. Federal Taxes Provincial Taxes Local Taxes. Federal Taxes. Income Tax Custom Duties Federal Excise General Sales Tax (GST) on goods. Sales Tax on Services.

vidal
Download Presentation

Provincial Taxation System

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Provincial Taxation System Muhammad AamirIlyas

  2. Tax systems • Federal Taxes • Provincial Taxes • Local Taxes

  3. Federal Taxes • Income Tax • Custom Duties • Federal Excise • General Sales Tax (GST) on goods

  4. Sales Tax on Services According to Constitution of Pakistan, Sales Tax on Goods is a federal subject while Sales Tax on services is a provincial subject

  5. Provincial Taxation System • Every province has its own taxation system • Taxation systems of Punjab and Sindh are more developed than KPK while Balochistan has weak tax system.

  6. Revenue Authorities in Provinces Punjab Revenue Authority (PRA) and Sindh Revenue Board (SRB) were established to collect sales tax on services from Punjab and Sindhresepectively

  7. Punjab Revenue Authority Punjab Revenue Authority (PRA) collects Sales Tax on services under Punjab Sales Tax Act 2012 The PRA model is based on internationally recognized doctrine of SARA (Semi Autonomous Revenue Administration)

  8. Excise and Taxation Department (Punjab) • Provincial Motor Vehicles Ordinance, 1965 • Punjab Entertainment Duty Act, 1958 • Punjab Excise Act, 1914 • Punjab Urban immovable property Act , 1958 • Punjab Tobacco vend Act, 1958 • Punjab Motor Vehicles Taxation Act, 1958 • Punjab Horse-Race betting Act, 1958

  9. Excise and Taxation Department (Sindh) Established in 1908 and estimated collection is around 26 billion per annum • Motor Vehicle Tax • Entertainment Tax • Professional Tax • Hotel Tax • Excise Duty

More Related