The government of Sindh has not reinstated a 15 percent service tax on debit and credit card payments at restaurants and cafes.
Sindh Revenue Board has dispelled rumors of imposing a 15 percent sales tax on services paid via debit and credit cards at hotels and restaurants. An SRB spokesperson said that the actual sales tax rate for such transactions remains at 8 percent.
Under the Sindh Finance Act, a 15 percent service tax is imposed on food bills paid in cash. However, if the bill is settled using a debit or credit card, the tax rate is reduced to 8 percent.
Earlier, the tax was lowered to tempt consumers into spending more and support the hospitality industry. The discount was more focused on encouraging people to shift to digital transactions instead of fiat cash to improve the currency documentation in circulation.
Stay Connected with ProPakistani
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
Just wish to say your article is as surprising The clearness in your post is just cool and i could assume youre an expert on this subject Fine with your permission allow me to grab your RSS feed to keep updated with forthcoming post Thanks a million and please keep up the enjoyable work
So propakistani posted the previous news without any confirmation from the concerned authority again.
What’s this https://www.srb.gos.pk/srb/restaurant-list/