Pakistan – Chargeability of sales tax on life insurance services – notification

The Sindh Revenue Board (SRB) implemented  on September 20 Notification No. SRB-3-4/17/2016. Through this, life insurance services, which were exempt from sales tax, will now be taxable  from 1 July 2016, as follows:

the rate of sales tax will be 8%;
input tax credit will be inadmissible.

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