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Sindh govt also imposes additional taxes in 2024-25 budget

The Sindh government has introduced several additional taxes for the fiscal year 2024-25, aiming to generate an additional revenue of Rs76 billion.

These taxes will impact various sectors, including educational institutions, hospitals, insurance companies, and petrol pumps.

  • Air travel: Passengers will be required to pay Rs50 on domestic air tickets and Rs400 on international tickets.
  • Property sector: New charges will be imposed on shops, flats, and land transactions. Businesses forming partnerships will need to pay a tax of Rs5,000.
  • Auto sector: Owners of cars and jeeps with engine capacities above 3000cc will be taxed Rs350,000, while locally manufactured vehicles with engine capacities of 2000cc will incur a Rs5,000 tax.
  • Petrol pumps and CNG stations: These will face an annual tax of Rs20,000. This tax will also apply to farmhouses, private hospitals, clinics, guest houses, and event halls.
  • Educational institutions: Institutes charging an annual fee exceeding Rs500,000 will be subject to new taxes. Veterinary hospitals and gaming centres will also fall under the new tax regime.

These measures aim to bolster the Sindh Revenue Board’s collection, contributing to the province’s fiscal stability and funding for development projects.

The new tax regime reflects the government’s efforts to broaden its tax base and improve public services through increased revenue.

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I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

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