Punjab revenue authority reports Rs33bn October collection

Punjab Revenue Authority collected more than Rs33 billion in October, up from Rs26 billion in the same month of the previous fiscal year, according to figures presented at a review meeting chaired by its chairman, Moazzam Iqbal Sipra, in Lahore.

Collection for the current fiscal year so far is running 30 percent higher than in the corresponding period last year, the meeting was told. Business Recorder reported that participants examined sector-wise revenue targets, the number of registered taxpayers and businesses, and the performance of officers.

Sipra directed that tax collection records for 16 sectors be scrutinised closely, particularly data from the Electronic Invoice Monitoring System (EIMS) and payments made through banks. Identifying taxpayers who manipulate returns through digital monitoring tools is essential to improving compliance and transparency, he said.

He instructed the Large Taxpayer Commissionerate to begin work immediately on adding sectors to revenue monitoring and collection. Enforcement operations against the issuance and use of fake receipts will be expanded across the province. Sipra warned that misappropriating taxes paid by the public is a punishable offence under the law and that strict action would be taken against those involved.

TechJuice reported that the authority collected Rs114.76 billion in July and August 2026, 31.6 percent more than the Rs87.18 billion recorded in the same two months a year earlier. A Finance Department report attributed the growth to bringing previously untaxed service sectors into the formal tax system rather than to a heavier burden on existing taxpayers, the outlet said.

Within that two-month total, tax revenue was Rs81.28 billion and non-tax revenue Rs33.47 billion. Sales tax contributed Rs53.81 billion, motor vehicle tax Rs12.62 billion and stamp duty Rs9.11 billion. The provincial government has set a tax collection target of Rs1,209 billion for fiscal year 2026-27.

TechJuice also reported that the authority last week told hotels and restaurants across Punjab to install the E-IMS, at a meeting with the Hotels and Restaurant Association that covered compliance and the system's rollout in the industry. Registration of new businesses and installation of the system across 14 designated sectors will be fast-tracked, and enforcement teams will be formed to raise registrations and installations.