- Sindh government has increased standard sales tax rate on services from 13% to 15%
- The change is effective from July 1, 2024
- Sindh Revenue Board announced the new standard sales tax rate
- Reduced sales tax rate of 8% introduced for certain services to promote digital payments
- Service providers can apply for standard 15% rate for digital payments with approval from SRB
- No input tax adjustment allowed for services taxed at reduced 8% rate
- Restaurants integrated with SRB’s POS system advised to update systems for new tax rates
- Implementation of new tax rates part of Sindh government’s strategy to enhance revenue collection and promote modern payment methods
- Sindh Revenue Board will monitor impact on tax revenues and compliance closely
- Government’s commitment to encouraging digital transactions expected to benefit consumers and service providers
Source: pkrevenue.com
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.
