Sindh Revenue Board (SRB) has achieved highest ever collection of Rs 4.463 billion by exceeding the monthly based target of Rs4.083 billion during the month of February, 2015.

This represents an increase of Rs.0.744 billion or 20pc as compared to same period in last year. Besides, the collection of Rs 29.9 billion for the first eight months for the period of July 2014 to February 2015 also represents an increase of over 5.273 billion or 21.42pc against the collection of Rs. 24.6 billion for the same period in last year.

The Chief Minister Sindh Syed Qaim Ali Shah has lauded the efficient efforts of the SRB management and assured for providing all possible support for its further capacity building. The SRB achieved this milestone despite reduction of 1pc sales tax on services rate from 16pc to 15pc, allowing an input adjustment of 17pc federal sales tax on goods, higher/ increased rate of tax against input of petroleum products and just utilising one-third of its expenditure budget.  During the financial year 2010-11, 2011-12, 2012-13, 2013-14; SRB collected Rs. 18.28 billion, Rs. 25.01 billion, Rs. 33.65 billion and Rs. 42.48 billion respectively.

SRB would continue with this endeavour to increase tax collection every year and would leave no stone unturned to provide best of the services and facilities to taxpayers.

The Chairman SRB remarked that this remarkable achievement would not have been possible without the trust and confidence of taxpayers and support received from the Chief Minister Sindh Syed Qaim Ali Shah and all other key stakeholders including trade bodies and international agencies.

He further said that credit also goes to the relentless efforts, effective monitoring and extraordinary devotion and dedication of SRB staff.