Investor Presentaiton
Chapter II - Estimates of Receipts
Punjab's Tax Relief Package: Key Recommendations
Punjab Sales Tax on Services (PSTS) will not be charged on Construction Services provided by Property Developers, Builders and Promoters
PSTS on Health Insurance and Services provided by doctors and hospitals at 0%
PSTS reduced to 5% for 14 sectors affected by COVID-19
Adoption of new Valuation Table for UIPT postponed for 1 year
COVID-19 centric administrative relief measures in collection of UIPT, Token Fee and Vehicle Registration Fee etc
The table below summarizes the estimates of total Provincial Receipts of the Government:
(PKR Billion)
Receipts
BE 2019-20
RE 2019-20
BE 2020-21
a. General Revenue Receipt
Federal Divisible Pool
1,989.826
1,408.398
1,750.035
1,601.468
1,127.878
1,432.968
Provincial Taxes
294.963
191.088
220.886
Provincial Non-Tax
b. Capital Receipts A/C-I
Current Capital Receipts
Development Capital Receipts
(Foreign Projects Assistance)
c. Capital Receipts A/C-II
93.395
89.432
96.181
60.496
68.864
133.724
42.307
55.419
86.630
18.189
13.445
47.094
208.255
334.545
331.869
d. Innovative Financing
42.000
0.000
25.000
Total Provincial Consolidated Fund (a+b+c+d)
2,300.577
1,811.807
2,240.628
General Revenue Receipts
The main elements of General Revenue Receipts as per Annual Budget Statement are Federal Divisible Pool, Provincial Tax Receipts and
Provincial Non-Tax Receipts. The table below shows the details of Budget Estimates and Revised Estimates of General Revenue Receipts
for FY 2019-20 in comparison with the anticipated Budget Estimates for FY 2020-21.
General Revenue Receipts
Federal Divisible Pool Taxes
Tax on Income
Land Customs
Sales Tax
Capital Value Tax
Federal Excise
BE 2019-20
RE 2019-20
(PKR Billion)
BE 2020-21
1601.468
1127.878
1432.968
598.349
467.029
587.887
286.448
157.012
184.043
613.241
415.506
558.763
1.136
0.704
0.887
101.577
87.188
100.882
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