SRB Appellate Tribunal issues Ramazan timings

Apr 8

Taxation

SRB Appellate Tribunal issues Ramazan timings

KARACHI: Appellate Tribunal, Sindh Revenue Board (SRB) on Thursday issued timings during the holy month of Ramazan ul Mubarak 1442 Hijri. In pursuance of High Court of Sindh’s Notification issued April 03, 2021, the Apellate Tribunal, Sindh Revenue Board, Karachi will observe the following office timings during the holy month of Ramazan ul Mubarak 1442 […]

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SRB posts 22.7pc growth in March collection

Apr 1

Taxation

SRB posts 22.7pc growth in March collection

KARACHI: Sindh Revenue Board (SRB) has registered 22.7 percent growth in collection of sales tax on services during the month of March 2021 despite adverse effect of coronavirus on businesses. According to data released by the provincial revenue authority, the collection was Rs11.46 billion in March 2021 as compared with Rs9.34 billion in the same […]

by Anjum Shah

Mar 12

IT & Telecom, Taxation

SRB website under cybersecurity threat

KARACHI: The official website of Sindh Revenue Board (SRB) has been identified as cyber-vulnerable and prone to citizen’s data leakage. National Telecom and Information Technology Security Board (NTISB) has issued an advisory through a notification dated March 03, 2021. It said that critical vulnerabilities had been identified in website of SRB (notification can be downloaded […]

by Anjum Shah

SRB starts preparation for provincial budget 2021/2022; invites proposals

Feb 12

Budget 2021-2022, Taxation

SRB starts preparation for provincial budget 2021/2022; invites proposals

KARACHI: Sindh Revenue Board (SRB) has started preparation for the provincial budget 2021/2022 and in this regard asked all the association and chambers and other stakeholders to submit their tax proposals by February 15, 2021. In a communication sent to all chambers, associations, tax bars, Institute of Chartered Accountants of Pakistan (ICAP), Institute of Cost […]

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Dec 31

Taxation

SRB collects Rs57 billion in first half

KARACHI: Sindh Revenue Board (SRB) has collected Rs57.02 billion during first half (July – December) of the current fiscal year as compared with Rs49 billion in the same half of the last fiscal year, showing an increase of 16 percent. The SRB has been assigned Rs135 billion collection target for the current fiscal year, which […]

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Sales tax exempted on services provided by beauty parlors

Nov 26

Taxation

Sales tax exempted on services provided by beauty parlors

KARACHI: Sales tax has been exempted on services provided by beauty parlors or beauty clinics within the province of Sindh if their annual turnover is below Rs2.5 million. According to Working Tariff for Sindh Sales Tax on Services (updated on November 01, 2020) issued by the Sindh Revenue Board (SRB) the normal sales tax is […]

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Sales tax rates on services provided by freight forwarders, customs agents, others

Nov 9

Taxation

Sales tax rates on services provided by freight forwarders, customs agents, others

KARACHI: Sindh Revenue Board (SRB) has issued updated rate of sales tax on services provided by customs agents, freight forwarders and persons authorized to transact business on behalf of others. The SRB issued working tariff updated on November 01, 2020 for implementation of sales tax rates on services rendered or provided within Sindh province. Following […]

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Reduced rate of sales tax granted on services for sale, purchase of immovable properties

Nov 8

Taxation

Reduced rate of sales tax granted on services for sale, purchase of immovable properties

KARACHI: A reduced sales tax rate of 10 percent is granted on service provided or rendered by persons engaged in sale and purchase of immovable properties. The Sindh Revenue Board (SRB) issued working tariff updated up to November 01, 2020. The SRB issued the rate of sales tax on services provided or rendered in the […]

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Sales tax exempted on services provided by marriage halls on area up to 800 square yards

Nov 7

Taxation

Sales tax exempted on services provided by marriage halls on area up to 800 square yards

KARACHI: Sindh Revenue Board (SRB) has said that marriage halls and laws are exempted from payment of 13 percent sales tax on services, which are located on plots measuring 800 square yards. The SRB issued working tariff updated up to November 01, 2020. The provincial revenue authority said that services provided or rendered by marriage […]

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Sales tax rates for construction services updated

Nov 6

Taxation

Sales tax rates for construction services updated

KARACHI: Sindh Revenue Board (SRB) has issued updated rates of sales tax on construction services. The SRB explained the rate of sales tax at normal, concessionary and exempted on construction services. The SRB issued working tariff updated up to November 01, 2020. Following are the rate of sales tax on construction services: The SRB said […]

by admin