CM directs Sindh Revenue Board to bring insurances services to tax net
KARACHI: Sindh Chief Minister Syed Murad Ali Shah has directed Sindh Revenue Board (SRB) to take necessary measures to bring in the services of insurances in sales tax net.
This he said while presiding a meeting with Chairman SRB Khalid Mahmood here at the CM House on Tuesday. Secretary Finance Hassan Naqvi was also present on this occasion.
The CM Sindh discussed various issues relating to SRB and Sindh Sales Tax on services, including the issues of sales tax on the services of life insurance, health insurance, restaurants, etc.
Appreciating the performance of Sindh Revenue Board, the chief minister emphasized the need of making relentless efforts to achieve the assigned target of Rs78 billion for the current financial year.
Khalid Mahmood said that the SRB has surpassed its six months target by 21 percent.
Murad also directed to take decisions on various administrative and technical issues of SRB to making it more efficient and effective in the task of collection of sales tax on services.
He directed the chairman SRB to maximize the collection of tax while, simultaneously, facilitating the taxpayers and simplifying the procedures.
Directing Mahmood to make efforts to construct SRB office at a suitable location the CM said, “You must have a separate Office in your own building”.