- Sindh government proposes adopting UN CPC coding system for sales tax on services
- Current classification influenced by Federal Excise Act and Pakistan Customs Tariff
- New framework aims for clarity, uniformity, and transparency in service taxation
- CPC adoption expected to enhance efficiency, improve reporting, and ensure compliance
- Transition designed to reduce administrative burden on businesses and taxpayers
- Finance Bill seeks to delete existing service definitions, moving to CPC-based framework
- Sindh Revenue Board to issue classification codes for services
- Dispute resolution mechanism provided with SRB having final authority
- Decision modernizes Sindh’s tax regime, aligning with international practices
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
