FAQ

Home :: FAQ

FAQ

The collection of revenue of the central government is done by the Inland Revenue Department while the collection of revenue of the provincial council is done by the Provincial Revenue Department

Inland Revenue	Provincial Revenue
Income Tax - IT	Stamp Duty - SD (Immuvabale Property)
Value Added Tax - VAT	Mineral Tax - MT
Nation Building Tax - NBT	Drugs & Chemicals Tax- DCT
Economic Service Charge - ESC	Lottery Tax -LT
Batting & Gamming Levy - B&GL	Prize Competition Tax-PCT
Stamp Duty -SD (Leasing, Insurance)	Batting Tax- BT
Pay As You Earn Tax - PAYE	Charges under the fauna and Flora Ordinance
Capital Gain Tax - CGT

*.	When a manufactured of mineral Â within the Southern Province, a mineral tax at the rate of 0.5% is collected on the gross value of the item.
*.	By inspecting the business enterprises and by auditing the tax files an additional tax and penalties will be imposed on the gross turnover which had not been declared by the taxpayer.
*.	10% penalty for non payment of mineral tax on the due date. Thereafter, 2% of penalty will be added for ensuing month. (Maximum penalty is 50% of the tax)

*.	When a Drugs or a Chemical is sold within the Southern Province, a Drugs & Chemical tax at the rate of 50% is collected on the Annual value of the business place.
*.	By inspecting the business enterprises and by auditing the tax files an additional tax and penalties will be imposed on the gross turnover which had not been declared by the taxpayer.
*.	10% penalty for non payment of Drugs & Chemicals tax on the due date. Thereafter, 2% of penalty will be added for ensuing month. (Maximum penalty is 50% of the tax)

Regarding the instruments of deeds prepared for transfer of immovable properties within the Southern Province action is taken to recover the stamp fees on the open market value of the properties on the day of certification of such instruments. Accordingly, for a transfer of properties Stamp Fees of 3% for every first Rs. 100,000/= of the market value and 4% or the balance amount will be charged. For a deed of gift stamp fees of 3%for the first Rs: 50,000/= of the market value and 2% for the balance amount will be charged.

When imposing additional stamp fees, payment of a penalty fee of three times of the normal stamp fees together with the normal stamp fees or the amount required for the completion of the fees can be imposed.

432

Privacy and Security Disclaimer Site Map FAQ Gallery Feedback Login