The yearly budget of the Sindh government for the fiscal year 2024–2025 includes proposed taxes on enterprises, properties, and domestic and international airline tickets.
The PPP-ruled province has chosen to levy a tax of Rs. 1,000 on airline tickets for foreign travel and Rs. 250 on tickets for internal travel, as stated in the Finance Bill.
During his budget presentation to the Sindh Assembly on Friday, Sindh Chief Minister Murad Ali Shah stated that the province has encountered numerous difficulties in the previous five years.
According to the Bill, the government has modified the Stamp Act and the GST on Services Act in a number of ways.
Additionally, the province administration has suggested levying a three percent tax on the assessed value of properties, businesses, and residential flats in the real estate market. “At the rate of two per cent of the valuation table or declared value recorded in the instrument whichever is higher,” said the amendment on the properties to and from the Real Estate Investment Trusts.
