Sindh urged to bring down sales tax rate at 10 percent

May 25

Sindh urged to bring down sales tax rate at 10 percent

KARACHI: Sindh Revenue Board (SRB) has been suggested to bring down sales tax on services rate to 10 percent from existing 13 percent to encourage registration of more taxpayers. Overseas Investors Chambers of Commerce and Industry (OICCI) in its budget proposals 2020/2021 submitted to the SRB, said that the expectations of the investors that the […]

by Anjum Shah

Sindh exempts sales tax on Ehsaas Emergency cash transfer

Apr 30

Taxation

Sindh exempts sales tax on Ehsaas Emergency cash transfer

KARACHI: Sindh Revenue Board (SRB) on Wednesday exempted sales tax on services to banking transfers made to Ehsaas Emergency Program. In a notification, the SRB said that the Sindh government had exempted the sales tax on the amount of commission (tariff heading 9819.1300) paid by the banks to their branchless banking retailers in Sindh on […]

by Anjum Shah

FBR notifies zero percent sales tax on services for construction industry

Apr 27

Taxation

FBR notifies zero percent sales tax on services for construction industry

ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified sales tax on service at zero percent for construction industry as part of incentives announced by the prime minister for construction sector. The FBR issued SRO 326(I)/2020 to amend Islamabad Capital Territory (Tax Services) Ordinance 2001, to reduce the sales tax on services at zero percent […]

by Anjum Shah

Insurance agents liable to pay 13% sales tax on services

Jan 24

Taxation

Insurance agents liable to pay 13% sales tax on services

KARACHI: Sindh Revenue Board (SRB) has said that insurance agents are liable to pay 13 percent sales tax on services provided or rendered to their clients. The SRB issued updated working tariff for tax year 2020 and notified sales tax rate for various services. According to the working tariff the insurance agents are liable to […]

by Anjum Shah

Sales tax rates on services provided by goods transportation

Jan 22

Taxation

Sales tax rates on services provided by goods transportation

KARACHI: Sindh Revenue Board (SRB) has issued updated working tariff for tax year 2020 and notified sales tax rates on services provided or rendered by persons engaged in inter-city transportation. According to the SRB, the sales tax shall be 13 percent on services provided or rendered by persons engaged in inter-city transportation or carriage of […]

by Anjum Shah

Sales tax rate on services provided by fashion designers

Jan 21

Taxation

Sales tax rate on services provided by fashion designers

KARACHI: Sindh Revenue Board (SRB) issued updated working tariff for tax year 2020 and notified sales tax rate on fashion designers. The services provided or rendered by fashion designers shall be 13 percent. The SRB does not provide any reduced rate for this service category. The FBR said the services provided by race club shall […]

by Hamza Shah

Sales tax rate on services provided by property developers

Jan 19

Taxation

Sales tax rate on services provided by property developers

KARACHI: Sindh Revenue Board (SRB) has issued updated working tariff for tax year 2020 under which 13 percent sales tax is applicable on services rendered by property developers. According to the working tariff the tax rate shall be 13 percent on services provided or rendered by property developers or promoters for: a. development of purchased […]

by Hamza Shah

Jan 18

Taxation

Rate of sales tax on banking services

KARACHI: Sindh Revenue Board (SRB) has issued updated working tariff for tax year 2020 which showed banks to pay 13 percent on sales tax regarding various services provided to customers. According to working tariff the sales tax shall be charged at 13 percent on services provided or rendered by banking companies in relations: Guarantee including […]

by Anjum Shah

Sales tax rates on professional services issued

Jan 17

Taxation

Sales tax rates on professional services issued

KARACHI: Sindh Revenue Board (SRB) has issued amended working tariff for tax year 2020 under which the tax rate for rendering professional services shall be at 13 percent. The SRB also notified reduced rate for professional services with condition of not allowing input tax adjustment. According to SRB working tariff chart updated till December 31, […]

by Anjum Shah

Sales tax rates for services rendered on sale, purchase of immovable properties

Jan 15

Taxation

Sales tax rates for services rendered on sale, purchase of immovable properties

KARACHI: Sindh Revenue Board (SRB) has issued sales tax rate for service provided on sale and purchase of immovable properties within the province. According to working tariff issued by the SRB for tax year 2020, the sales tax rate for services provided on sale and purchase of immovable property is 13 percent. The reduced rate […]

by Anjum Shah