Tag Archives: Sindh Revenue Board

SRB restores registration of five taxpayers

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KARACHI: Sindh Revenue Board (SRB) has restored registration of five taxpayers on payment of penalty for non-filing of returns.

SRB suspends registration of nine non-filers

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KARACHI: Sindh Revenue Board (SRB) has suspended registration of nine non-compliance taxpayers as they are found non-filers for the tax period July 2016 to December 2016.

SRB achieves Rs78bn collection target for 2016/2017

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KARACHI: Sindh Revenue Board (SRB) has achieved the assigned target of Rs78 billion for the fiscal year 2016/2017.

SRB explains tax payable on franchise services

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KARACHI: Sindh Revenue Board (SRB) has explained tax payable on services rendered by franchise and in this regard the provincial revenue authority amended the Sndh Sales Tax on Services Rules, 2011.

One year imprisonment, Rs100,000 penalty proposed for obstructing electronic monitoring under Sindh sales tax

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KARACHI: Sindh government has initiated electronic monitoring and tracking of registered persons and proposed one year imprisonment and Rs100,000 for those who obstruct such monitoring.

Reduced, fixed tax not allowed input adjustment under Sindh sales tax on services

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KARACHI: Sindh government has made part of main statute that input adjustment is not available to persons subject to provincial tax at reduced or fixed rate.

Sindh government sharply increases estimates for direct and indirect taxes collection; 34pc higher revenue projected from property tax

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KARACHI: Sindh government has estimated 26 percent higher tax revenue to Rs185.62 billion in the fiscal year 2017/2018 as compared with revised target of Rs147.39 billion in the outgoing fiscal year.

SRB expands definition of taxable services

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KARACHI: The services provided or rendered by program producers and productions houses are subject to Sindh Sales Tax. Definition of the term program is contained in the Sindh Sales Tax on Services Act, 2011, which is now being amended to include re-recording and other post-production processes (like dubbing, colouring, sub-titling and captioning).

SRB includes virtual business in sales tax on services regime

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KARACHI: Sindh Revenue Board (SRB) has brought virtual business in the definition of sales tax of services. As per changes introduced through provincial finance bill 2017, the scope of the expression ‘place of business’ is proposed to be broadened to include persons carrying on economic activity in Sindh through virtual presence, website, web portal or any other form of E-commerce.

Sindh Revenue Board announces amnesty scheme to waive penalty

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KARACHI: Sindh government has announced a tax incentive package on Thursday allowing exemption from fine and penalty on payment of principal amount and a minimum payment of 5 percent default surcharge.