SRB collects Rs153.5 billion tax in FY22

SRB collects Rs153.5 billion tax in FY22

KARACHI: The Sindh Revenue Board (SRB) has collected Rs153.5 billion tax for the fiscal year 2021-22. The growth of collection stands at 20% from the last year’s collection of Rs128.1 billion.

SRB collected the excess amount of Rs3.5 billion as the assigned target was collection of Rs150 billion

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The said amount comprises of Rs145.3 billion collected under the head of Sindh Sales Tax on Services whereas Rs8.2 billion under the Sindh Workers Welfare Fund / Sindh Workers Profit Participation Fund.

Thus, SRB exceeded the assigned target of Rs150 billion by Rs3.5 billion. Moreover, the growth over last year’s collection of Rs128.1 billion stands at 20%.

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The growth achieved by SRB is significant keeping in the view the fact that in the year 2021-22 no amnesty scheme was announced in order to establish a robust culture of tax compliance. Whereas in the past such schemes resulted in an additional revenue of approx. 2 to 3 billion.

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The Chairman Sindh Revenue Board appreciated the exemplary performance shown SRB employees, the cooperation extended by the taxpayers their representatives bodies and the unabated support of the Chief Minister and Government of Sindh.

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