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Tag: Sindh Revenue Board

Sindh Revenue Board

SRB Releases Sales Tax Rates on Telecom Services for TY25

July 20, 2024July 20, 2024Shahnawaz Akhter

Karachi, July 20, 2024 – The Sindh Revenue Board (SRB) has announced the sales tax rates on telecom services for the tax year 2024-25, maintaining a consistent rate across various services.

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Sindh Revenue Board

SRB Introduces 3% Sales Tax for Hospital Rooms and Beds

July 3, 2024July 3, 2024Shahnawaz Akhter

Karachi, July 3, 2024 – The Sindh Revenue Board (SRB) has implemented a reduced rate of 3% sales tax on services provided by hospitals for rooms and beds, effective from July 1, 2024.

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Sindh Revenue Board

Sindh Implements Standard Sales Tax Rate at 15%

July 2, 2024July 2, 2024Shahnawaz Akhter

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.

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Sindh Revenue Board

SRB Surpasses FY24 Target, Showcases Significant 28% Growth

June 30, 2024June 30, 2024Shahnawaz Akhter

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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Sindh Revenue Board

SRB Clarifies Sales Tax on Health and Education Services

June 16, 2024June 16, 2024Shahnawaz Akhter

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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Sindh Revenue Board

SRB Extends Date for Sales Tax Return Filing to June 24, 2024

June 15, 2024June 15, 2024Shahnawaz Akhter

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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Sindh Revenue Board

SRB Seals Restaurant and Event Management for Tax Violations

April 25, 2024April 25, 2024Shahnawaz Akhter

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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Sindh Revenue Board

SRB Raids Famous Karachi Restaurants for Non-Compliance

April 17, 2024April 17, 2024Shahnawaz Akhter

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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Sindh Revenue Board

SRB Extends Deadline for March 2024 Tax Filings and Payments

April 8, 2024April 8, 2024Shahnawaz Akhter

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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Sindh Revenue Board

SRB Seals Tour Operator Branches for Tax Default

March 7, 2024March 7, 2024Shahnawaz Akhter

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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