It has been revealed by the Excise and Taxation Department of Khyber Pakhtunkhwa that at least 4 universities in Peshawar had been evading token tax for 14 years.
According to the taxation department, the University of Agriculture, the University of Peshawar, the Engineering University and the Khyber Medical College had been delaying the payment of token tax for over a decade. They have evaded millions of rupees of tax.
Token tax is basically the tax that is paid on cars annually. As per the Excise department, these universities have to pay Rs. 38.1 million in token tax for 186 vehicles. Since 2005, these universities have not been paying taxes.
The University of Agriculture, University of Peshawar, Engineering University, and Khyber Medical College have been evading token tax worth Rs. 13.7 million on sixty cars, Rs. 6.4 million on 52 vehicles, Rs. 9.4 million taxes on 50 cars and Rs. 5.1 million on 50 vehicles respectively.
According to the taxation department, many notices were given to these universities which they ignored. Thus it has urged the universities to pay their dues or else legal action will be taken against them.