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Investor Presentaiton

FINANCING SUSTAINABLE TOURISM IN KHYBER PAKHTUNKHWA Executive Summary TABLE OF CONTENTS TABLE OF CONTENTS CONTENTS CONTENTS CONTENTS Introduction 1.1- Growth of Tourism in Khyber Pakhtunkhwa 1.2- Key Objectives and Structure of the Note 10 11 12 2 Tourism Taxation: Rationale and International Best Practices 13 2.1- Levies 2.2 Value-Added Taxes 2.3 Fiscal Incentives 3 Current Structure of Provincial and Local Taxation and Tourism Management 16 16 17 667 0000000000 18 21 3.1- Tourism Act, 2019 and Khyber Pakhtunkhwa Tourism and Culture Authority (KPCTA).. 3.2- Galliyat Development Authority Act, 2016. 3.3- Kaghan Development Authority Act, 2020 Issues and Challenges 4.1- Tax compliance and exemptions. 23 28 29 30 % 22 222 223 24 25 26 4.3- Mitigating threat to Environment and Ecology of the Region from Increased Tourist Activity. 27 4.2- Constraints in imposing Tourism Cess 4.4- Complicated Regulatory Landscape 4.5- Lack of Private-sector Stakeholder Engagement with Development Authorities 4.6- Lack of Skills and Revenue Leakages 4.7- Lack of Data on Tourism 5 Conclusion and Way Forward 6 References 7 Appendix. 7.1- Appendix A 7.1.1- Appendix A 7.2- Appendix B 7.3- Appendix C 7.3.1- Appendix A 30 31 56 36 41 £ £ £ £ A W 39 40 42 43 44 02 40 07
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