Definition There shall be charged on Effect FromPrize Competition Tax rates Gazette How to pay Prize Competition Tax Revenue
Prize Competition Tax is charged under section 02 of the Finance (Supplimentary Provition) Statute of the Southern Province N0.02 of 1994.
Every Prize Competition conducted in accordance with any law within the southern province .
01 st January 2010
| Total value of the prize | Rate |
| Rs. Twenty five million (Rs.25m) or less | 10% |
| More than Twenty five million (Rs.25m) | 25% |
The prize competition tax imposed should be paid in each or by a bank draft to the Provincial Commissioner of Revenue, 14 days before the final date of entry to the competition or the competition whichever is earlier.
|
Year
|
Amount- Rs.
|
|
|
Target
|
Actual
|
|
|
2016*
|
|
*291,400
|
*from 01.01.2016 to 31.12.2016