SRB collects Rs 3.9b tax last month

KARACHI: Sindh Revenue Board (SRB) collected over Rs 3.9 billion in April 2014, said SRB spokesperson on Thursday.

The spokesperson said that the incentive scheme, which was launched on 17th April 2014, after the approval of Government of Sindh giving waiver of full penalty amount and 95% discount on default surcharge, contributed Rs 700 million in this collection.

“SRB was firm in its decision of not extending the deadline for the incentive scheme which ended on April 30, 2014. The total collection from July 1, 2013 to 30 April 2014 now stands at Rs 32 billion as against the collection of Rs 27.5 billion during the first 9 months of 2012-13. This represents an increase of 16.4%.”

The spokesperson further said that SRB is confident that subject to receiving from FBR the amount of Rs. 3.0 billion on account of taxpayer’s inadvertently depositing the Sindh Sales Tax amount into FBR account, SRB will achieve its budgetary target of Rs. 42 billion for current fiscal year.

“All the documents relating to this issue have been submitted to FBR, which has assured SRB at the highest level that the matter will be resolved soon,” the spokesperson concluded.

The post SRB collects Rs 3.9b tax last month appeared first on Pakistan Press International.

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