'Although the services of cab aggregators and cab drivers related thereto compete with such rent-a-car services or radio cab services, the former remained outside the tax net on one pretext or the other causing discriminatory tax disadvantage to their competitors,' stated the SRB
The CM added that he was satisfied with the SRB
The chief minister said that he was well aware of the financial conditions of the country, therefore the SRB
must be facing problems in achieving the targets.
Earlier, Chairman SRB
Khalid Mahmood disclosed that the withdrawal of Sindh Sales Tax (SST) on pre-paid and post-paid cellular mobile services by the Supreme Court of Pakistan caused Rs10 billion loss to the provincial government.
'During the last couple of years, SRB
has witnessed a rise of 27 percent in its revenue collection because of the contribution, support and patronage of the business and industrial community of Karachi', he added.
'We have no issues if these funds are being spent on Hyderabad, Larkana, Nawabshah, Sukkur or any other city as it is our province but the Sindh government should enhance allocation to Karachi from these funds being gathered by SRB
and the city must get its due share', he added.
When it came into existence, the SRB
, based in Brussels, was given the power to write down creditors, break up a bank or arrange a sale.
He said SRB
was being assisted by other government departments such as the Marine Department and Marine Police.
He added that the assignment of SRB
is part of the firm's strategy to ensure robustness in Sharia compliance affairs.
He urged the SRB
employees to employ all resources and put in their best efforts to achieve this target without compromising organization's taxpayer-friendly image, espoused over the years.
Washington, DC: In compliance with the legal frameworks in the United States and the European Union, the Cooperation Arrangement (CA) between the Single Resolution Board (SRB
) and the Federal Deposit Insurance Corporation (FDIC) further strengthens the close cooperation between the two organizations.
Islamabad -- Sindh Revenue Board (SRB
) has restored sales tax registration of taxpayers, whose registrations were suspended for non-compliance of filing return and payment of duty and taxes.