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Home > Finance > Question

Which authority collects Sales Tax on Services in Punjab:

0
A) PRA
B) SECP
C) SBP
D) Federal Board of Revenue (FBR)

Correct Answer: A) PRA

• The highly specific provincial authority that collects Sales Tax on Services in Punjab is the PRA (Punjab Revenue Authority). • The PRA was formally and officially established by the Punjab government in the year 2012. • The massive federal authority that exclusively collects income tax and customs duties across Pakistan is the FBR. • The Sindh equivalent heavily responsible for provincial tax collection is the SRB (Sindh Revenue Board). • The supreme corporate regulator of financial markets in Pakistan is the SECP.

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