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Sindh govt proposes amendment in Finance Act, revises up taxes on vehicles registration, commercial activities

By News Desk

June 14, 2024 09:42 PM


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After bringing amendments to the Finance Act, the Sindh government has revised taxes in the Provincial Budget 2024-25, reported 24NewsHD TV channel.

According to new proposals, the Sindh government will levy a tax of Rs250 per ticket on each domestic flight and Rs1000 per ticket from international flight passengers in the province.

The Sindh government suggested a Rs5000 tax on renewal of allotment orders while a 2 percent tax on real estate land, shop or flats sale and purchase. Rs5,000 tax was proposed on the formation or dissolution of any kind of partnership accord.

Sindh govt also proposed tax on renewal of insurance, Rs5000 tax on marine vessel insurance and Rs500 will be charged on property insurance.

Sindh govt also announced a plan to impose a Rs500 tax on life-health insurance, and a Rs7,000 tax on power of attorney for immovable property.

The tax was levied on contracts with builders and developers. Sindh government was proposing a tax of Rs1,000 on flats, shops, houses, offices and plots sale and purchase.

After the amendment in the Finance Act, the Sindh govt proposed a Rs1000 tax on the sale or transfer of registered vehicles.

Govt proposed tax of Rs4,50,000 on cars and jeeps above 3000cc, Rs2,75,000 tax on 2000cc vehicles and Rs100,000 tax on 1500cc imported vehicles.

While Sindh govt proposed to levy a tax of Rs50,000 on locally manufactured vehicles above 2000cc. And Rs25000 tax on locally manufactured 1500cc vehicles.

The Sindh govt suggested an annual tax of Rs2000 on all professions and Rs2000 rupees per annum tax for doing any type of business in the province.

Rs20,000 tax was proposed on all petrol pumps and CNG stations annually.

The Sindh govt proposed a tax on education businesses, farmhouses, private hospitals, clinics, guesthouses and fashion halls for performing commercial activities.

Moreover, livestock hospitals, sports, and games centres were also being brought under tax net by the Sindh government. Sindh Revenue Board will be liable to collect all taxes once all budget proposals are accepted by the provincial Assembly.


News Desk


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