Karachi, July 2, 2024 – The Sindh government has officially increased the standard rate of sales tax on services from 13% to 15%, effective from July 1, 2024. This change, outlined in the provincial budget for 2024-25, marks a significant adjustment in the province’s tax regime.
(more…)Tag: Sindh Revenue Board
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SRB Surpasses FY24 Target, Showcases Significant 28% Growth
Karachi, June 30, 2024 – The Sindh Revenue Board (SRB) has achieved a remarkable feat by surpassing its revenue collection target for the fiscal year 2023-24, demonstrating a significant 28% growth in tax collection compared to the previous fiscal year.
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SRB Clarifies Sales Tax on Health and Education Services
Karachi, June 16, 2024 – The Sindh Revenue Board (SRB) has addressed recent reports regarding the implementation of a 15 percent sales tax on health and education services in Sindh, effective from the next fiscal year.
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SRB Extends Date for Sales Tax Return Filing to June 24, 2024
Karachi, June 15, 2024 – The Sindh Revenue Board (SRB) has announced an extension for the filing of sales tax returns for the month of May 2024.
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SRB Seals Restaurant and Event Management for Tax Violations
Karachi, April 25, 2024 – The Sindh Revenue Board (SRB) has taken decisive action against tax evasion by sealing a prominent restaurant and an event management company in Karachi for violations of the Sindh Sales Tax on Services Act, 2011.
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SRB Raids Famous Karachi Restaurants for Non-Compliance
Karachi, April 17, 2024 – The Sindh Revenue Board (SRB) launched a crackdown on renowned restaurants in Karachi on Wednesday, targeting establishments that have flouted tax laws and failed to comply with regulatory requirements.
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SRB Extends Deadline for March 2024 Tax Filings and Payments
In response to the evolving circumstances, the Sindh Revenue Board (SRB) has announced an extension of the deadline for filing monthly sales tax returns and the associated tax payments for March 2024.
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SRB Seals Tour Operator Branches for Tax Default
Karachi, March 7, 2024 – In a stern move against non-compliant taxpayers, the Sindh Revenue Board (SRB) sealed two branches of a prominent tour operator on Thursday for defaulting in payment of sales tax on services.
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SCP Upholds Validity of Sindh Sales Tax on Distribution Services
Karachi, February 29, 2024 – In a significant decision, the Supreme Court of Pakistan (SCP) has affirmed the legitimacy of the Sindh Sales Tax on Supply Chain Management or Distribution (including Delivery) Services.
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Insurance Sector Contributes Rs 10.15 Billion in Sindh Sales Tax
Karachi, February 11, 2024 – The insurance sector has emerged as a significant contributor to the Sindh government’s revenue, having paid a substantial amount of Rs 10.15 billion as sales tax on services during the fiscal year 2022-23, according to the latest report released by the Sindh Revenue Board (SRB).
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