- Sindh government raised provincial sales tax on services to 15%, effective July 1.
- Expected revenue impact from the hike is Rs. 120 billion, with total sales tax collection projected at Rs. 350 billion for fiscal year 2024-25.
- Professional tax on personal income and some services increased by 300%, now Rs. 2,000 per year.
- Taxes on imported and locally manufactured vehicles increased to Rs. 450,000 per unit.
- Professional tax on petrol pumps and CNG stations increased to Rs. 20,000.
- Tax on domestic air tickets is now Rs. 2,500 and Rs. 1,000 for international travel.
- Taxes on digital services, including restaurants and telecom services, have been reduced.
- Sindh’s budget for 2024-25 projects total expenditures and resource mobilization at Rs. 3.06 trillion, with provincial tax collection at Rs. 662 billion.
- Sindh sales tax rate reduced to 8% for digital payments in restaurants.
- Telecom services allowed an input tax credit of up to 18%.
- Revenue from excise and taxation proposals expected to generate Rs. 35.90 billion annually.
- Luxury tax on imported cars and Infrastructure Development Cess rates revised.
- Significant increases in professional tax and transfer fees for vehicles.
Source: propakistani.pk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
