Sindh chief minister wants insurance in sales tax net

Published: January 11, 2017
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KARACHI: Chief Minister Syed Murad Ali Shah has directed the Sindh Revenue Board (SRB) to take necessary measures to bring the services of insurance in sales tax net.

He said this while presiding over a meeting with SRB chairman Khalid Mahmood at the CM House today, where the Finance Secretary Hassan Naqvi was also present.

Shah discussed various issues relating to SRB and Sindh Sales Tax, including the issues of sales tax on the services of life insurance, health insurance, restaurants, etc.

Appreciating the performance of SRB, the chief minister emphasised the need for making relentless efforts to achieve the assigned target of Rs78 billion for the current financial year. On this Mahmood said that the SRB has surpassed its six-month target by 21%.

The chief minister also made decisions on various administrative and technical issues concerning SRB to make it more efficient and effective in the task of sales tax collection on services. He directed the SRB chairman to maximise the collection of tax while, simultaneously, facilitating the taxpayers and simplifying the procedures.

He also directed the chairman to make efforts to construct SRB office at a suitable location, saying, “You must have a separate office in your own building.”

Published in The Express Tribune, January 11th, 2017.

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