Investor Presentaiton
Chapter II - Estimates of Receipts
Urban Immoveable Property Tax (UIPT):
This is a tax devolved to Municipal Committees, Municipal Corporations and Metropolitan Corporation under Local Government legislation in
Punjab. However, for administrative purpose, it is being collected by the Provincial Government. The proceeds of this tax are passed on to the
respective Local Governments/local agencies from where the tax is collected.
The UIPT for FY 2020-21 stands at PKR 14.500 billion. The shortfall primarily arose as a result on non-implementation of decision to tax
properties abutting major highways in the Punjab which had an estimated impact of PKR 2.0 billion.
Valuation Tables
Administrative Relief Proposed for FY2020-21
UIPT
Reg. Fee and Token Tax
Updation of Valuation Tables
postponed for 1 year
1. Waiver of surcharge on UIPT for
FY2020-21
2. Collection of UIPT in 2
installments
3. 10% rebate for early payment
4. 5% rebate for payment by
ePayPunjab
1. Extension of rebate period for one
month up to 30-09-2020
2. Increase in rebate from 10% to
20% for annual lump-sum
payment
3. Waiver of enhanced rate of
registration fee on late
registration for the period from
01-04-2020 to 31-12-2020
4. Waiver of penalty on late
payment of motor vehicle tax for
the FY 2020-21
Professional Tax
The B.E for FY 2020-21 with respect to Professional Tax has been pitched at PKR 1,200 billion against the Revised Estimates for FY2019-20 to
the tune of PKR 0.704 billion.
NON-TAX REVENUE
Categories of
Provincial
Income from publicly owned property and enterprises
Receipts from Civil Administration and other functions
Extraordinary Receipts
Non-Tax Revenue
>
Miscellaneous Receipts from toll, fees, cess etc. collected by Provincial Departments
(excluding Federal Grants and Development Surcharges and Royalties)
Revised Budget Estimates FY 2019-20 & Projected Budget Estimates FY 2020-21 are:
Non-Tax Revenue
Income from Property and Enterprises
Electricity (Net Hydel Profit)
Net Hydel Profit Arrears
Interest on Loans to District Govts. /TMAS
Interest on Loans to Financial Institutions.
Interest on Loans to Non-Financial Institutions.
Interest on Loans & Advances to Govt. Servants
Interest on Loans - Others
Page 12
(PKR Billion)
BE 2019-20
RE 2019-20
BE 2020-21
32.354
8.035
10.208
10.000
5.000
22.000
6.500
5.000
0.045
0.045
0.040
0.175
0.225
0.129
0.120
0.163
-
0.005
0.005
0.005View entire presentation