[ad_1]
PESHAWAR: The government of Khyber Pakhtunkhwa (KP) has decided to impose a fixed sales tax on the serves for lawyers and customs agents instead of a percentage, here on Wednesday.
According to a private news channel report, during the it was decided that Khyber Pakhtunkhwa Revenue Authority (KPRA) will send recommendations to the Advisor for Finance to switch lawyers and customs agents from a percentage regime of sales tax on services to fixed rates to make necessary amendments to the KP Sales Tax on Services Act 2022 in the upcoming budget for the next financial year.
The decision was taken in a meeting held between Advisor to KP CM on Finance Muzzammil Aslam and Director General KPRA Fouzia Iqbal.
KPRA decided to provide an easy way for the customs agents and lawyers to efficiently pay their sales tax on services.
As per media report, it was decided that rates for the fixed tax will be adopted as per the recommendations sent by the KPRA team to the finance department for the budget.
The lawyers will be allowed to submit their one-time fixed sales tax on services at the time of filing their Wakalatnama, or Power of Attorney, for each case at the courts, while for customs agents, a fixed amount on each GD, or Goods Declaration, will be paid to KPRA as sales tax on services.
Read More: KP Govt imposes ban on carrying gas in plastic bags
Currently, a two-percent sales tax on services is levied on layers, while an eight percent sales tax on services is levied on customs agents.
Advisor for Finance Muzzammil Aslam in his statement “We want to make tax payments easier for everyone in the province, and at the same time we have to bring them under the tax net as per law,” adding that a fixed regime would also be adopted for wedding halls and beauty parlors as well.
The DG KPRA Fouzia Iqbal has said that her team welcomes the business-friendly policies of the new government and that her team will be available to assist every taxpayer in the administration of their sales tax on services.”
[ad_2]
Source link
