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Tag: SRB

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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Sindh Revenue Board

Tax Rates on Property Transfer Services in Sindh for 2024

January 29, 2024January 29, 2024Faisal Shahnawaz

Karachi, January 29, 2024 – The Sindh Revenue Board (SRB) has issued the prevailing sales tax rates on property transfer services for the tax year 2024, as outlined in the updated Sindh Sales Tax on Services Act, 2011.

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Sindh Revenue Board

Sindh Sales Tax Rates on Shipping Services in 2024

January 26, 2024January 26, 2024Shahnawaz Akhter

Karachi, January 26, 2024 – The Sindh Revenue Board (SRB) has recently released the updated sales tax rates on services provided or rendered by shipping agents in the province of Sindh for the tax year 2024.

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Sindh Revenue Board

SRB Unveils Sales Tax Rates for Hotel Services in 2024

January 18, 2024January 18, 2024Shahnawaz Akhter

Karachi, January 18, 2024 – The Sindh Revenue Board (SRB) has taken a significant step in providing clarity to businesses and consumers by releasing the sales tax rates for services offered by hotels, restaurants, and similar establishments for the tax year 2024.

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