LAHORE:Punjab Revenue Authority (PRA) has recorded impressive performance by collecting Rs. 66.41 billion in tax revenue during the first quarter of the fiscal year 2025–26, reflecting a 28 percent increase compared to Rs. 51.98 billion collected during the same period of the previous year.
Additionally, Rs. 1.7 billion was collected under the Punjab Infrastructure Development Cess. It is noteworthy that this significant growth has been achieved without the introduction of any new taxes or increase in tax rates during the current fiscal year, the PRA spokesperson told media here Wednesday.
The PRA has also launched a comprehensive crackdown on unregistered service providers to expand the tax net. Enforcement teams have been mobilized to identify unregistered businesses, conduct field surveys and issue immediate notices. As part of new tax reforms, a simplified and user-friendly online registration system has been introduced to facilitate the business community. All service providers are now required to link their businesses with the E-IMS system and ensure the timely submission of monthly sales tax returns.
Businesses that fail to register by end this month will face penalties and legal action. The ongoing registration campaign aims to enhance revenue collection, broaden the tax base, promote business transparency and bring documentation to Punjab’s economy.
