Sindh Revenue Board collects record Sales Tax in FY21

July 5, 2021

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Despite the closure of the services sector due to Corona, the collection of sales tax on services by the Sindh Revenue Board (SRB) increased by 21%, which is evidence of the better performance of the SRB.

According to a spokesman for the SRB, despite the partial shutdown due to Corona, the SRB achieved a milestone of raising 128 billion rupees during the 2020-21 financial year ending June 30.

SRB received a total of Rs 128 billion during 2020-20, while Rs 106 billion was received during 2019-20, tax collection from the SRB reflecting a 21% increase despite the economic slowdown and Corona.

Rs. 6 billion was received for Sindh Welfare Fund last year, marking an increase fof 17% this year.

According to the spokesperson, SRB’s revenue has increased steadily since its inception in 2011 and is a manifestation of hard work and perseverance in performing its duties in a professional manner and through the workforce.

An SRB spokesperson said that no new tax was introduced in the budget for 2020-21, however, the increase in tax collection is commendable and the business environment has not been good enough for the service sector due to Corona.

The SRB team recognizes the trust, cooperation and unwavering support of taxpayers, without which the SRB’s historic performance would not have been possible.