- SRB has released updated sales tax rates for professionals and consultants for the tax year 2024-25
- Medical practitioners and consultants are subject to a standard sales tax rate of 15%
- Reduced rate of 3% available for services other than cosmetic and plastic surgery
- Legal practitioners and consultants are subject to a standard sales tax rate of 15%
- Reduced rate of 8% available for legal services
- Accountants and auditors are taxed at a standard rate of 15%
- Reduced rate of 8% applicable to accounting and auditing services
- Exemptions for services exported and delivered outside Pakistan by registered accountants and auditors
- SRB aims to provide clarity for professionals and consultants regarding tax obligations
- Updates part of SRB’s efforts to enhance tax framework in Sindh
- Stakeholders can access detailed notification on SRB’s official website for more information.
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.
