PRA CONSULTANCY

PRA Consultancy Services in Pakistan – ARK Tax Consultant

Welcome to ARK Tax Consultant, your trusted partner for Punjab Revenue Authority (PRA) consultancy services in Pakistan. Led by Muhammad Yousaf, we provide expert, affordable, and efficient solutions for businesses in Multan, Islamabad, Lahore, Karachi, and across Pakistan. We specialize in PRA registration, sales tax compliance, and ensuring your business meets all requirements under the Punjab Sales Tax on Services Act, 2012. Whether you’re a service provider, consultant, or company, we streamline your PRA obligations to keep you compliant and focused on growth. Contact us at 0333-9697374 to get started today!

What is Punjab Revenue Authority (PRA)?

The Punjab Revenue Authority (PRA), established under the Punjab Revenue Authority Act, 2012, is responsible for collecting sales tax on services in Punjab. Following the 18th Constitutional Amendment, sales tax on services shifted from the Federal Board of Revenue (FBR) to provincial authorities. PRA oversees taxation for nearly all service sectors in Punjab, including advertising, hospitality, IT, consulting, and more. Compliance with PRA is mandatory for service providers to operate legally and avoid penalties.

Why Choose ARK Tax Consultant for PRA Consultancy?

• Expert Guidance: Led by Muhammad Yousaf, our team ensures full compliance with PRA regulations and the Punjab Sales Tax on Services Act, 2012.
• Fast & Affordable: We offer quick registration and filing services at competitive rates.
• Comprehensive Support: From PRA registration to monthly tax filing, we handle it all.
• Nationwide Reach: Serving clients in Multan, Islamabad, Lahore, Karachi, and beyond.
• Tailored Solutions: Customized services for individuals, firms, and companies in various service sectors.

Our PRA Consultancy Services

We provide end-to-end consultancy to ensure your business complies with PRA regulations. Our services include:

1. PRA Registration
   • We guide you through the PRA online portal (pra.punjab.gov.pk) to register your business for sales tax on services.
   • Assistance with submitting required documents, such as CNIC, NTN, and business details.
   • Ensuring you receive your PRA Registration Number to legally charge and collect sales tax.
2. Sales Tax Filing & Compliance
   • Preparation and filing of monthly sales tax returns to meet PRA deadlines.
   • Calculating sales tax liabilities based on applicable rates (e.g., 16% standard rate or reduced rates for specific services).
   • Ensuring compliance with Schedule 2 of the Punjab Sales Tax on Services Act, 2012.
3. NTN & FBR Filer Status for PRA Compliance
   • Critical Requirement: An NTN and FBR filer status are mandatory for PRA registration and schemes like CM Punjab Asaan Karobar Finance. Non-filers are ineligible.
   • We provide fast and affordable NTN registration and filer status services. Contact Muhammad Yousaf at 0333-9697374 to become a filer in minimal time.
4. Tax Advisory & Optimization
   • Advice on provincial sales tax rates, exemptions, and changes in PRA laws.
   • Strategies to optimize tax liabilities while remaining compliant.
   • Handling audits and inquiries from PRA authorities.
5. Additional Services
   • Integration with other tax obligations (e.g., FBR, SRB, KPRA for multi-province businesses).
   • Assistance with e-invoicing and PRA’s digital platforms for seamless compliance.
   • Consultancy for specific service sectors (e.g., IT, hospitality, advertising, consulting).

Who Needs PRA Registration?

• Service Providers in Punjab: Businesses, individuals, or firms providing taxable services, such as:
  • Advertising and marketing companies
  • IT services and call centers
  • Hotels, restaurants, and catering services
  • Financial and legal consultants
  • Construction, courier, and transport services
  • Beauty parlors, salons, and more (see Schedule 2 of the Punjab Sales Tax on Services Act, 2012).
• Multi-Province Businesses: If you operate in multiple provinces, we assist with PRA, Sindh Revenue Board (SRB), or Khyber Pakhtunkhwa Revenue Authority (KPRA) compliance.
• Eligibility: Any person or entity generating revenue from taxable services in Punjab must register with PRA.

Why PRA Compliance is Crucial?

• Legal Requirement: Mandatory for all service providers to avoid penalties and legal issues.
• Access to Government Schemes: NTN and filer status are required for benefits like CM Punjab Asaan Karobar Finance.
• Business Credibility: Compliance enhances trust with clients and partners.
• Avoid Penalties: Non-compliance can lead to fines, audits, or business restrictions.

Step-by-Step PRA Registration Process

1. Eligibility Check: We assess if your services fall under PRA’s taxable categories.
2. Document Preparation: Collect CNIC, NTN, proof of address, bank details, and business registration certificate (if applicable).
3. Online Registration: Submit details via PRA’s online portal (pra.punjab.gov.pk).
4. Receive PRA Registration Number: Issued upon approval, allowing you to collect sales tax.
5. Tax Filing Setup: We set up your monthly filing process for compliance.
6. Ongoing Support: Assistance with returns, audits, and PRA inquiries.

Requirements for PRA Registration

• Documents:
  • CNIC or NTN certificate
  • Proof of business address (e.g., utility bill or rent agreement)
  • Bank account details
  • Business registration certificate (if applicable)
  • Letter of authorization (for representatives)
• NTN & Filer Status: Mandatory for PRA registration. We help you obtain these quickly.
• Business Address: Must be in Punjab for PRA jurisdiction.

Fee Structure

Below is the detailed breakdown of government fees (PRA and related authorities) and ARK Tax Consultant’s consultancy fees for PRA-related services:

Government Fees (PRA & Others)

• PRA Registration: Rs. 0 (free via PRA portal).
• NTN Issuance: Rs. 0 (free, but filing fees apply for tax returns).
• Sales Tax Filing: Rs. 0 (no direct filing fee, but tax liabilities vary based on revenue).
• Late Filing Penalties: Rs. 5,000–50,000 (depending on delay and PRA discretion).
• Audit/Non-Compliance Fines: Varies based on case (e.g., Rs. 10,000–100,000 or more).

ARK Tax Consultant Fees

• PRA Registration: Rs. 5,000–8,000 (based on business complexity).
• NTN & Filer Registration: Rs. 5,000–8,000.
• Monthly Sales Tax Filing: Rs. 3,000–7,000 per month (depending on transaction volume).
• Tax Advisory & Optimization: Rs. 5,000–15,000 (per consultation or project).
• Audit Support: Rs. 10,000–25,000 (based on case complexity).
• Additional Services (e.g., Multi-Province Compliance, e-Invoicing Setup): Rs. 8,000–20,000.
• Note: Fees depend on the complexity of the case and service requirements. Contact us for a tailored quote.

Contact Us

Ready to streamline your PRA compliance? Let ARK Tax Consultant handle your registration and tax obligations. Contact Muhammad Yousaf at 0333-9697374 or visit our offices in Multan, Islamabad, Lahore, or Karachi. We ensure fast, reliable, and affordable services to keep your business compliant and thriving. Start today!