Sindh Revenue Board collects Rs 100 bln Sindh Sales Tax during 2019-20

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Sindh Revenue Board collects Rs 100 bln Sindh Sales Tax during 2019-20

ISLAMABAD-Sindh Revenue Board collected total revenue of Rs105.9 billion includes record receipts of Rs 100.3 billion of Sindh sales tax during 2019-20, which reflects a growth of 5.6% despite the general economic slowdown during the year, and the fall out of COVID-19 pandemic in the last four months of the year.

This was disclosed by a spokesperson Sindh Revenue Board, in a statement on Wednesday.

The collection of Rs.105.9 billion includes record receipts of Rs.100.3 billion of Sindh sales tax, representing a growth of 8 percent over the collection of Rs.93.1 billion during 2018-19. Collection of Sindh Workers Welfare Fund has been up to Rs.5.6 billion.

The milestone that SRB has reached represents a consistency of achievements, it has built since organization’s inception in 2011, courtesy the hard-work and steadfastness demonstrated by its workforce, in a work-culture dedicated to professional values.

The year 2019-20 had a particular significance arising from COVID-19.  The employees put in their best, working beyond the normal call of duty–despite the lockdown-six days-week in the face of difficult circumstances arising from the pandemic.

SRB team acknowledges the trust and cooperation of its taxpayers and the continuous support of the Government of Sindh without which the landmark performance of SRB would not have been possible.  SRB now eyes on an overall target of Rs.135 billion during 2020-21 with a year-on-year growth of 27.5 per cent.