KARACHI: The Sindh Revenue Board (SRB) has announced exemption of the entire amount of penalty and part of default surcharge pertaining to the Sindh sales tax on services.

The tax payers would only have to pay the principal amount of tax (as outstanding on the 19th May, 2017) along with 5.0 percent of the amount of default surcharge thereon if deposited during the period from 19th May, 2017 to 25th May, 2017; the principal amount of tax (as outstanding on the 19th May, 2017) along with 10 percent of the amount of default surcharge thereon if deposited during the period from 26th May, 2017 to 2nd June, 2017; and the principal amount of tax (as outstanding on the 19th May, 2017) along with 20 percent of the amount of default surcharge thereon if deposited during the period from 3rd June, 2017 to 9th June, 2017.

The benefits of exemption of penalty and default surcharge will also be available in relation to the arrears of the tax as outstanding on the 19th May, 2017).

The benefits will also be available in cases where a person has late paid the principal amount of tax prior to the date of this notification but has not yet discharged the liability of penalty (whether the prescribed amount or the adjudged amount of the penalty) and default surcharge on such late payment provided that he pays an amount equal to 10 percent of such amount of penalty (as outstanding on the 19th May, 2017) and 25 per cent of such amount of default surcharge (as outstanding on the 19’h May, 2017) in Sindh Government’s head during the period from 19th May, 2017 to the 9th June, 2017.