The Khyber Pakhtunkhwa Revenue Authority (KPRA) in collaboration with GIZ Germany on Tuesday organized a Withholding’ workshop at KP Chamber of Commerce & Industry for withholding agents of Private Companies.
Peshawar: The Khyber Paktunkhwa Revenue Authority (KPRA) in collaboration with GIZ Germany on Tuesday organized a workshop on the topic of role and responsibility of the withholding agent under the KP-Finance act 2013, withholding regulations 2015 at Khyber Pakhtunkhwa Chamber of Commerce and Industry Peshawar. The workshop was attended by President of KP Chamber of Commerce Faiz Muhammad, withholding agents of different private Companies, Husna Jamil, Advisor Tax Administration GIZ, Collector Sales Tax Yousaf Afridi, Additional Collector Sales Tax Shah Nawaz Khan, and other KPRA officials. Addressing the workshop, KPRA Director General, Muhammad Tahir Orakzai said that the purpose of workshop was to provide necessary understanding of KPRA and Sales Tax on services rules 2015 for withholding agents dealing with private companies, so that they were in a better position to withhold/deduct and deposit the sales tax as per law. He said that this type of gathering were necessary for both tax collectors and depositors to be in a better position to understand that issues generated while deducting and depositing sales tax. He highlighted the main features of sales tax collection and said that sales tax had been imposed on 94 different services by KPRA and different steps had been taken to collect this tax. He said that purpose of holding of this workshop was to provide information, awareness and procedures to the withholding agents for tax collection. He added that through such sessions, the KPRA expected a substantial increase in collection of sales tax. He revealed that through a series of workshops, around 300 withholding agents have been trained and sensitized about their obligation under the withholding regulation. A significant improvement has been observed in revenue coming through withholding agents.