{"id":61527,"date":"2020-02-17T12:09:45","date_gmt":"2020-02-17T07:09:45","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=61527"},"modified":"2020-02-17T12:09:46","modified_gmt":"2020-02-17T07:09:46","slug":"sindh-reports-20-increase-sales-tax-collection","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sindh-reports-20-increase-sales-tax-collection.html","title":{"rendered":"Sindh reports 20% increase in sales tax collection"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Karachi: The Sindh government has announced a 20% increase in sales tax on services collected during the first half of the going fiscal year (FY) 2019-20, a news source reported. To this effect, the provincial sales tax figures were seen to reach PKR 110 billion in the said period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sindh-govt-lowers-sales-tax-healthcare-services.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Sindh govt lowers sales tax on healthcare services (opens in a new tab)\">Sindh govt lowers sales tax on healthcare services<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As per the publication, the Ministry of Finance stated that all the four provinces collected PKR 92 billion sales tax on services during the first half of the previous fiscal year (FY 2018-19).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sales-tax-collection-on-imports-rises-by-21.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Sales tax collection on imports rises by 21% (opens in a new tab)\">Sales tax collection on imports rises by 21%<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Balochistan announced a 95% increase in sales tax collection with the total amount of PKR 4.54 billion as opposed to PKR 2.33 billion in the corresponding half of FY 2018-19. Khyber Pakhtunkhwa registered 83% growth in its revenue collection to PKR 8.16 billion as compared to PKR 4.46 billion previously collected.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-mulls-legal-technical-changes-in-sales-tax-regime.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FBR mulls legal, technical changes in sales tax regime (opens in a new tab)\">FBR mulls legal, technical changes in sales tax regime<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The revenue collection of Sindh province jumped 8.63% from PKR 43.42 billion during the last fiscal year to PKR 47.17 billion during the first half of FY 2019-20. Punjab exhibited a 21% increase in revenue collection and accumulated PKR 50 billion in July-December of the present fiscal year as compared to PKR 41.42 billion in the corresponding half of the last fiscal year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pm-has-issued-directives-to-clear-sales-tax-refunds.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"PM has issued directives to clear sales tax refunds: FCCI President (opens in a new tab)\">PM has issued directives to clear sales tax refunds: FCCI President<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to officials, the <a href=\"https:\/\/www.zameen.com\/news\/fbr-serves-notices-1500-lahore-citizens-hiding-property-details.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Federal Board of Revenue (FBR) (opens in a new tab)\">Federal Board of Revenue (FBR)<\/a> needs to gather PKR 5.238 trillion in the current fiscal year. The target has been revised downward from PKR 5.503 trillion. The taxation agency is anticipating a shortfall of about PKR 750 billion during FY 2019-20 owing to the current state of the country\u2019s economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Sindh government has announced a 20% increase in sales tax on services collected during the first half of the going fiscal year (FY) 2019-20, a news source reported. To this effect, the provincial sales tax figures were seen to reach PKR 110 billion in the said period. Read: Sindh govt lowers sales tax on healthcare services As per the publication, the Ministry of Finance stated that all the four provinces collected PKR 92 billion sales tax on services during the first half of the previous fiscal year (FY 2018-19). Read: Sales tax collection on imports rises by 21% Balochistan announced a 95% increase in sales tax collection with the total amount of PKR 4.54 billion as opposed to PKR 2.33 billion in the corresponding half of FY 2018-19. Khyber Pakhtunkhwa registered 83% growth in its revenue collection to PKR 8.16 billion as compared to PKR 4.46 billion previously collected. Read: FBR mulls legal, technical changes in sales tax regime The revenue collection of Sindh province jumped 8.63% from PKR 43.42 billion during the last fiscal year to PKR 47.17 billion during the first half of FY 2019-20. Punjab exhibited a 21% increase in revenue collection and accumulated PKR&hellip;<\/p>\n","protected":false},"author":76,"featured_media":60871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[19666,19667,12669,19665],"persona":[],"class_list":["post-61527","post","type-post","status-publish","format-standard","has-post-thumbnail","category-legal-taxation","tag-20-increase-in-sales-tax-collection","tag-fiscal-year-fy-2019-20","tag-ministry-of-finance","tag-sales-tax-collection","cat-15015-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sindh reports 20% increase in sales tax collection - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The Sindh government has announced a 20% increase in sales tax on services collected during the first half of the going fiscal year (FY) 2019-20\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sindh-reports-20-increase-sales-tax-collection.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sindh reports 20% increase in sales tax collection - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The Sindh government has announced a 20% increase in sales tax on services collected during the first half of the going fiscal year (FY) 2019-20\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sindh-reports-20-increase-sales-tax-collection.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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