- From 1 October 2023, certain banks and financial institutions must act as collection agents for withholding Sindh sales tax (SST) on information technology (IT) and advertising services received in Sindh from abroad.
- The collection agents will collect 3% of the total 13% SST due on advertising services, so that recipients of advertising services will still be responsible for remitting the remaining 10% SST using the reverse charge.
- For the purposes of these rules, IT services include cloud-based streaming services.
Source EY
Latest Posts in "Pakistan"
- Pakistan FBR Mandates Online Sales Tax De-Registration Applications Only
- Pakistan updates e-invoicing deadlines for corporate taxpayers and importers
- Belgium Extends VAT Chain Transitional Period Indefinitely Due to Implementation Postponement
- Pakistan Announces New October 2025 Timetable for E-Invoicing
- Pakistan Announces Phased E-Invoice System Rollout for 2025-2026 to Boost Tax Compliance
