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Tag: Sindh Revenue Board

PBC Proposals

Insurance Sector Contributes Rs 10.15 Billion in Sindh Sales Tax

February 11, 2024February 11, 2024Shahnawaz Akhter

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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Sindh Revenue Board

Sindh Tax Collection from Food and Hospitality Grows 41%

February 10, 2024February 10, 2024Shahnawaz Akhter

Karachi, February 10, 2024 – Sindh has reported a remarkable 41 percent surge in sales tax collection from the food and hospitality sector during the fiscal year 2022-23, according to the annual report released by the Sindh Revenue Board (SRB).

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coins and money

Banking Services Sales Tax Records Robust 17% Growth in FY23

February 9, 2024May 7, 2026Shahnawaz Akhter

Karachi, February 9, 2024 – The sales tax collection on banking services in Pakistan saw a remarkable growth of over 17 percent during the fiscal year 2022-23, as indicated by a report released by the Sindh Revenue Board (SRB) on Friday.

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Telecom Sector

Sindh Records Rs. 14.88 Billion in Telecom Services Sales Tax

February 9, 2024February 9, 2024Shahnawaz Akhter

Karachi, February 9, 2024 – The Sindh province has reported a significant collection of Rs. 14.88 billion as sales tax on telecom services during the fiscal year 2022-23, according to official data released on Friday.

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Sindh Revenue Board

Port Services Sales Tax Dominates SRB Collections in FY23

February 9, 2024February 9, 2024Shahnawaz Akhter

Karachi, February 9, 2024 – The Sindh Revenue Board (SRB) has reported a noteworthy milestone in its fiscal year 2022-23 collections, with sales tax from port services emerging as the leading contributor, totaling Rs. 23.58 billion.

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Sindh Revenue Board

SRB Unveils 2024 Tax Rates for Professional Services in Sindh

February 7, 2024February 7, 2024Shahnawaz Akhter

Karachi, February 7, 2024 – The Sindh Revenue Board (SRB) has released the tax rates applicable to services provided by professionals and consultants for the tax year 2024.

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Sindh Revenue Board

SRB Outlines Tax Rates on Banking Services for Tax Year 2024

February 5, 2024February 5, 2024Shahnawaz Akhter

Karachi, February 5, 2024 – The Sindh Revenue Board (SRB) has outlined the sales tax rates on various services provided by banks for the tax year 2024.

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Sindh Revenue Board

Insurance Services to Incur 13% Sales Tax in Sindh for 2024

February 4, 2024February 4, 2024Shahnawaz Akhter

Karachi, February 4, 2024 – In a significant development, insurance services offered by insurance companies will be subjected to a 13 percent sales tax in the tax year 2024, as per the updated Sales Tax on Services Act, 2011, released by the Sindh Revenue Board (SRB).

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Sindh Revenue Board

SRB Achieves Impressive 34% Collection Growth in 7MFY24

February 1, 2024May 20, 2026Shahnawaz Akhter

Karachi, February 1, 2024 – The Sindh Revenue Board (SRB) has reported a remarkable 34 percent growth in the collection of sales tax on services during the initial seven months (July – January) of the fiscal year 2023-24.

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Sindh Revenue Board

Renowned Restaurant Sealed by SRB Over Unpaid Sales Tax

January 31, 2024January 31, 2024Shahnawaz Akhter

Karachi, January 31, 2024 – In a stern move against non-compliant taxpayers, the Sindh Revenue Board (SRB) sealed the premises of the renowned Voco Café & Restaurant located at Block-4, Clifton, Karachi on Wednesday.

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