- 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"
- Customs Values of Imported Latex Rubber Threads Revised to Reflect International Price Trends
- Pakistan Introduces Withholding Tax on Digital Goods, Suspends Digital Presence Proceeds Tax
- FBR Mandates POS Integration for Retailers Exceeding Withholding Tax Thresholds
- Pakistan Customs Seizes Smuggled Cigarettes, Raw Materials Worth Over Rs. 1.1 Billion in Major Raids
- Punjab Tribunal: Sale of Developed Plots Not Taxable Under Provincial Sales Tax Law
