SRB exempts sales tax on low cost housing projects

Jan 30

Taxation

SRB exempts sales tax on low cost housing projects

KARACHI: The Sindh government has exempted sales tax on services provided or rendered to low cost housing projects funded by the federal government or Sindh government. Sindh Revenue Board (SRB) issued notification No. 3-4/04/2020 dated January 21, 2020. According to the notification: “construction relating to such of the low cost affordable public housing projects as […]

by Mrs. Anjum Shahnawaz

SRB suspends sales tax registration of M/s. Ability Logistics International

Jan 28

Taxation

SRB suspends sales tax registration of M/s. Ability Logistics International

KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of M/s. Ability Logistics International for failure to pay taxes and non-compliance of filing monthly returns. The SRB said that scrutiny of tax profile of the taxpayers showed that, it had failed to electronically file true and correct Sindh Sales Tax Return for the period […]

by Mrs. Anjum Shahnawaz

SRB suspends sales tax registration of Arabia Sea Country Club

Jan 24

Taxation

SRB suspends sales tax registration of Arabia Sea Country Club

KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of Arabian Sea Country Club for tax fraud. In a notice for suspension of registration of M/s. Arabia Sea Country Club, the SRB said that the taxpayer had collected the amount of tax on services provided but did not deposit to the provincial exchequer. The […]

by Mrs. Anjum Shahnawaz

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 Mrs. Anjum Shahnawaz

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 Mrs. Anjum Shahnawaz

Sales tax rate on services provided by laundries, dry cleaners

Jan 21

Taxation

Sales tax rate on services provided by laundries, dry cleaners

KARACHI: Sindh Revenue Board (SRB) has issued updated working tariff for tax year 2020 and notified sales tax rate on services provided by laundries and dry cleaners. According to the working tariff the sales tax rate is 13 percent on services provided by laundering and dry cleaners. However, a reduced rate of five percent also […]

by Mrs. Anjum Shahnawaz

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 Shahnawaz

Sales tax rate on services provided by stock brokers

Jan 20

Taxation

Sales tax rate on services provided by stock brokers

KARACHI: Sindh Revenue Board (SRB) has updated working tariff for tax year and notified tax rates for services provided or rendered by specified persons or businesses. According to updated working tariff, the sales tax rates shall be applicable for following services: Stock brokers and commodity brokers shall pay sales tax at 13 percent on services […]

by Mrs. Anjum Shahnawaz

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 Shahnawaz

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 Mrs. Anjum Shahnawaz