After 15 years, the SRB reduced the service tax that 58 hotels and restaurants in Karachi could have charged on debit and credit card purchases to 15%. This action is a part of the Sindh budget, which was designed to make eating out less expensive for customers.
Prior to this, Sindh’s tax on credit and debit card purchases was lowered from 15% to 8%.
Officials from the SRB have further stated that the service was made available for input adjustment of restaurant tax payments. With this step, businesses will be able to efficiently handle their tax responsibilities and the tax process would be made simpler.
Only a few eateries have been given authority to remove the lower tax rate, even though this tax facility has been reversed.
