Turnover Tax
Definition
Turnover Tax is charged under section 03 of the Finance Statute of the Central Province N0.17 of 1990.
There shall be charged on
When a kind of goods or material is sold within the Central Province, a Turnover Tax at the rate of 1% and 5% is collected on the selling value of the item.
Effective from
1st January, 1991. Discontinued from 01st January, 2011
Turnover Tax Rates
Gold, Gems, Jewellery, Furniture, Timber, Cigarette and Liquor 5%
Other goods and materials 1%
Gazettes
636/13, 1990.11.15
642/18, 1990.12.28
917/2,1996.04.01
1371/23,2004.12.16
1389/5,2005.04.18
1467/14,2006.10.17
1476/1,2006.12.18
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It has survived not only five centuries but also the leap into electronic type setting. when an unknown printer took a galley of type and scrambled to make a type specimen book.
It has survived not only five centuries but also the leap into electronic type setting. when an unknown printer took a galley of type and scrambled to make a type specimen book.
It has survived not only five centuries but also the leap into electronic type setting. when an unknown printer took a galley of type and scrambled to make a type specimen book.
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