For the fiscal year 2024–2025, the Sindh government has enacted a number of new tax policies that are anticipated to bring in an extra Rs76 billion in income.
Numerous industries will be impacted by these new fees, including gas stations, hospitals, insurance providers, and educational institutions.
- Air travel: For domestic flights, passengers must pay Rs50, and for international flights, Rs 400.
- Property sector: New fees will be applied to transactions involving stores, apartments, and land. Companies that establish partnerships must pay a Rs5,000 tax.
- Auto sector: Owners of automobiles and jeeps with engines more than 3000cc would pay a tax of Rs350,000; domestically made cars with engines under 2000cc will pay a levy of Rs5,000.
- CNG stations and gas pumps would be subject to a Rs20,000 yearly charge. Event halls, guest houses, private clinics, and farmhouses will all be subject to this levy.
- Educational establishments: New taxes would apply to establishments that charge yearly fees more than Rs 500,000. Gaming establishments and veterinary hospitals will also be subject to the new tax laws.
- With increased revenue, the Sindh Revenue Board will be better able to support development initiatives and maintain the province’s economic stability. The government’s initiatives to increase income and enhance public services by expanding its tax base are reflected in the new tax system.
