Sindh Revenue Board (SRB) has collected a record amount of Rs 9.5 billion as provincial sales tax on services during the month of January, 2018, depicting 58 per cent growth as compared to the collection of Rs 6 billion made during last corresponding month. According to SRB, the growth was achieved as a result of the recovery drive and payment of arrears of tax.

With this achievement during January, 2018, the total collection of Sindh sales tax during the first 7 months of tax year 2017-18 stood at Rs 47.3 billion as compared to the collection of Rs 40.4 billion during last preceding period, showing 17 per cent growth.

The SRB stated that the standard rate of sales tax on services in Sindh was 13 per cent, which was the lowest standard rate of sales tax in Pakistan and acknowledged the active and positive cooperation of the taxpayers in enabling SRB to report the aforesaid achievement and assured to continue its cooperation facilitation and assistance to its worthy registered taxpayers.

Copyright Business Recorder, 2018