SRB Notification

Introduction

Sindh Revenue Board (SRB) issued notification ref No . SRB-3 -4/8/2019 dated 18th May, 2019.

Commentary

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 21^st May 2019 according to following schedule:

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 21^st May to 3^rd June 2019
• 90% of penalty and 80% of default surcharge if paid during 4^th June to 20^th June 2019
• 85% of penalty and 75% of default surcharge if paid during 21^st June to 30^th 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.

Link of Document

20190519_NOTIFICATION_3-4