Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

SRB projects over 20pc tax collection growth in FY2026

byCT Report
06/02/2026
in Breaking News, Karachi, Latest News, Slider News
Share on FacebookShare on Twitter

KARACHI: The Sindh Revenue Board (SRB) has projected a more than 20 percent increase in tax collection during fiscal year 2025–26, citing improved compliance, expanding economic activity, and ongoing reforms in provincial tax administration.

Officials said the positive outlook is supported by stronger-than-expected revenue performance in the first half of the current fiscal year, along with the expansion of the tax base and enhanced enforcement strategies. If achieved, the projected growth would rank among the strongest annual performances by the provincial authority in recent years.

You might also like

FBR to launch faceless tax audit system

13/06/2026

FBR bans PDF financial statements for companies

13/06/2026

According to SRB representatives, revenue inflows have maintained steady momentum despite inflationary pressures and slower growth in certain sectors. The board expressed confidence that sustained efforts will significantly lift year-end collections.

A major contributor to the anticipated growth is the increased use of digital tools and data-driven audits. Over recent years, SRB has invested heavily in automation to streamline taxpayer registration, return filing, and payment systems. These initiatives have reduced revenue leakages while making compliance easier for businesses.

The board has also intensified efforts to identify unregistered service providers, particularly in high-revenue sectors such as telecommunications, banking, logistics, construction, and professional services. Targeted surveys and data-sharing arrangements with other government departments have helped bring thousands of new taxpayers into the provincial net.

Alongside enforcement, SRB is focusing on taxpayer facilitation and awareness. Helpdesks, online guidance, and outreach programs have been expanded to educate businesses about provincial tax obligations, encouraging voluntary compliance.

Officials noted that higher revenue collection is expected to provide fiscal relief to the Sindh government, supporting increased spending on healthcare, education, infrastructure development, and social protection programs.

The revenue authority also emphasized that no new taxes are planned beyond those already approved in the provincial budget. Growth is expected to come primarily from better compliance rather than higher tax rates. SRB reaffirmed its commitment to transparency and fair tax practices while continuing engagement with stakeholders.

Related Stories

FBR to launch faceless tax audit system

byCT Report
13/06/2026

ISLAMABAD: The Federal Board of Revenue (FBR) is set to introduce a faceless audit and assessment system across all four...

FBR bans PDF financial statements for companies

byCT Report
13/06/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a major shift toward digital tax administration through the Finance Bill...

SBP unveils first-ever research agenda for 2026-2029

byCT Report
13/06/2026

KARACHI: The State Bank of Pakistan (SBP) has launched its inaugural Research Agenda for 2026-2029, outlining key research priorities aimed...

Pakistan empowers custom courts to freeze assets in illegal fund transfer trials

byCT Report
13/06/2026

ISLAMABAD: The Pakistani government has introduced a major legislative amendment through the Finance Bill, 2026, granting Special Judges the authority...

Next Post

SBP Governor Jameel Ahmad rules out availability of newly designed currency notes for Eid

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.