Sindh Revenue Board (SRB) issued notification ref No . SRB-3 -4/8/2019 dated 18th May, 2019.
Sindh Revenue Board (SRB) has announced “Sindh Sales Tax Incentive Package” through its notification No. SRB-3-4/7/2017 on May 18, 2017. The incentive package provides for total waiver of penalty and waiver of up to 95% of the amount of default surcharge. Service providers and withholding agents in return of their tax compliance under the Sindh Sales Tax on Services Act, 2011 will get substantial benefit and relief through this incentive package.
The package includes exemption of up to 95 per cent of the amount of default surcharge, total remission of penalties and immunity from arrest and prosecution if the taxpayer deposits outstanding amounts as on 21st May 2019 according to following schedule:
|Amount deposited during the period||Due payment|
|(a)||21st May to 27th May 2019||Principal along with 5% of default surcharge|
|(b)||28th May to 3rd June 2019||Principal along with 10% of default surcharge|
|(c)||4th June to 10th June 2019||Principal along with 15% of default surcharge|
|(d)||11th June to 20th June 2019||Principal along with 20% of default surcharge|
|(e)||21st June to 30th June 2019||Principal along with 25% of default surcharge|
In cases where no tax liability is outstanding but only the arrears of amounts of penalty and default surcharge are outstanding, the tax incentive package allows the remission of:
- 95% of penalty and 85% of default surcharge if paid during 21st May to 3rd June 2019
- 90% of penalty and 80% of default surcharge if paid during 4th June to 20th June 2019
- 85% of penalty and 75% of default surcharge if paid during 21st June to 30th June 2019
The incentives announced through this concession provide an opportunity to the taxpayers who, for any reason, have not been able to clear up their tax liabilities, added up by default surcharge or, in some cases, the amounts of penalty, over the period involved. This may also help reduce the litigation in cases where the taxpayers have gone to the courts of law seeking relief on default surcharge or penalty.
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