KARACHI: Sindh Revenue Board (SRB) has invited proposals from concerned tax payers alongwith tax bars, chambers of commerce and industries, cotton exchanges, business councils, institute of chartered accountants etc in relation to Sindh Sales Tax on Services Act 2011.
SRB sources on Monday said under Circular No.SRB-3-4/2015/54966, dated 12/12/2014 the board proposes to formulate budgetary measures (for the Sindh Budget 2015-2016) in relation to taxation and procedural provision of Sindh Sales Tax on Services Act 2011.
The proposed reforms are also intended to encompass the Sindh Sales Tax on Service Rules, 2011 ("the 2011 Rules"), the Sindh Sales Tax Special Procedures (Withholding) Rule,2014 ("the 2014 Withholding Rules") and the notifications issued under the said 2011-Act.
The officials said that since it was SRB policy to consult all stakeholder, tax payers, chambers associations and groups before finalizing the budgets proposals therefore all relevant stakeholder have been approached to forward their respective recommendations.
Chambers of commerce and industries, tax payers in their individual capacities, cost and management accountants, chartered accountants, tax bars and so-forth have been asked to furnish their proposals, if any, by December 26.
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