KARACHI: Sindh Revenue Board (SRB) has collected a record amount of Rs 9.5 billion as Sindh sales tax on services during the month of January, 2018, as compared to the collection of Rs 6 billion made during the corresponding month of January, 2017, thus representing a tremendous growth of 58 percent.
A statement on Thursday said that the growth was achieved as a result of relentless efforts made by officers of the SRB on account 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 2017-18 amounts to Rs 47.3 billion as compared to the collection of Rs 40.4 billion during the corresponding 7 months of 2016-17, thus representing growth of 17 percent.
It is pertinent that the standard rate of sales tax on services in Sindh is 13 percent, which is the lowest standard rate of sales tax in Pakistan. Sindh Revenue Board acknowledges the active and positive cooperation of the taxpayers in enabling SRB to report the aforesaid achievement and assures to continue its cooperation facilitation and assistance to its worthy registered taxpayers.
