MoU signed for identifying gaps in tax policy, administration

LAHORE   –  The Punjab Revenue Authority (PRA) and Mehboobul Haq Research Center (MHRC) Saturday signed a Memorandum of Understanding (MoU) for collaboration in identifying gaps in tax policy and administration.

The PRA spokesperson told media here that under the MoU, a team of researchers from top international universities including Harvard University, Columbia University, London School of Economics (LSE) and Lahore University of Management Sciences (LUMS) would collaborate with PRA and prepare research reports identifying gaps in tax policy and administration as well as recommending measures to help PRA achieve its true potential.

“The MOU is a step towards ensuring evidence-based and empirical research tax policy and administration,” she remarked.

She added that scope of work under the MoU included a research on Punjab Infrastructure Development Cess (PIDC), a detailed technical performance evaluation of PRA, development of research questions for fiscal policy formulation, litigation management and optimising tax rates.

“The research is planned to be completed by the end of financial year 2022-23, and it will enable PRA to optimise revenue collection, improve performance, integrity and develop better work flows,” she maintained.

“The research,” she said, “will also assist the Punjab government in taking sound policy decision to maximise revenue with minimum distorting effects.”

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