Understanding Sales Tax on Services in Pakistan
This presentation by Mr. Asif Haroon FCA covers topics such as claiming input tax and special procedures related to sales tax on services in Pakistan. It delves into the laws under which sales tax is collected and who can claim input tax. The presentation also discusses different situations where output is payable to various authorities and the corresponding input tax implications.
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1 SALES TAX ON SERVICES Presentation By MR. ASIF HAROON FCA Partner - A. F. Ferguson & Co. Chairman, Indirect Taxation Committee KTBA Member, Taxation Committee ICAP A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
2 SALES TAX ON SERVICES TOPICS TO BE COVERED IN THIS SESSION 1. CLAIM OF INPUT TAX 2. SALES TAX SPECIAL PROCEDURES A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
3 CLAIM OF INPUT TAX A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
4 CLAIM OF INPUT TAX SALES TAX ON SERVICES IS COLLECTED UNDER FOLLOWING LAWS, WHICH ARE RELEVANT FOR INPUT TAX CLAIM 1. Provincial Sales Tax Laws: Collecting Authority Sindh Sales Tax on Services Act 2011 Sindh Revenue Board (SRB) Punjab Sales Tax on Services Act 2012 Punjab Revenue Authority (PRA) Khyber Pukhtunkhwa Finance Act 2013 KPK Revenue Authority (KRA) Baluchistan Ordinance 2000 Federal Board of Revenue (FBR) Islamabad Capital Territory Sales Tax Ordinance 2000 Federal Board of Revenue (FBR) 2. FED on VAT mode : All services subject to FED are collected under VAT mode, except for Franchise Services . There is a view that FED on services can only be collected where a Province has not legislated for collection of sales tax on such services. A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
5 CLAIM OF INPUT TAX Who can claim input of Sales Tax on Services: 1st Situation : Output = Payable to FBR (goods / services) Input = ST on Services 2nd Situation : Output = Payable to Provincial Authorities Input = ST on Services 3rd Situation : Output = Payable to Provincial Authorities Input = ST on goods paid to FBR Note: 4th situation of output / input relating to FBR is not covered, being not related to this session. A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
6 CLAIM OF INPUT TAX 1st Situation Output = Payable to FBR (goods / services) Input = Sales Tax on Services Definition of Input tax under ST Act, 1990 includes Provincial sales tax levied on services rendered or provided to the person and FED on services under VAT mode. Definition of Provincial Sales tax was amended by Finance Act 2013 to means PST as notified by the Federal Government for the purpose of input tax. No notification issued by Federal Government: - Companies have filed petitions and courts have directed FBR to accept the return with input adjustment. LHC has accepted the petition and final verdict has been announced. - FBR has issued instruction to accept manual ST returns filed by petitioners - MoU signed amongst FBR, PRA and SRB - FBR likely to notify retrospective adjustments A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
7 CLAIM OF INPUT TAX 1st Situation Output = Payable to FBR (goods / services) Input = Sales Tax on Services Practically, input for ST on services taxable in Baluchistan and Islamabad Territory is being allowed (in the absence of Notification) because FBR is collecting the sales tax (on behalf of Baluchistan and the Capital). FED on VAT mode of services is also being allowed as input, provided the conditions specified in ST Act, 1990 are met. Please note there are arguments for claiming ST paid on Franchise Services as input (being tax paid under Provincial ST law); whereas if FED is paid on Franchise Services, input will not be allowed (being not notified in VAT mode list). A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
8 CLAIM OF INPUT TAX 2nd and 3rd Situation Output = Payable to Provincial Authorities Input = ST on Services and/or Goods BASIC CONDITIONS FOR CLAIM OUTPUT PAYABLE TO SRB PRA FBR KPK * 1. Relates to taxable activity 2. Payment / Accrual/ consumption Payment and Consumed (4 months) Accrual and Consumed (4 months) Accrual (6 months) No Rules 3. Invoice in prescribed format (NTN/STRN etc) 4. Payment through Banking channel x * Section 32 of KPK Finance Act 2013 principally allows input tax adjustment. Rules are awaited. A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
9 CLAIM OF INPUT TAX Payment through Banking Channel OUTPUT PAYABLE TO SRB FBR Number of days 180 180 Monetary Limit No limit Above 50,000 Exempt Payments: Utilities Courier X Directly imported goods X A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
10 CLAIM OF INPUT TAX Input tax credit not allowed General Input tax not being allowed by following authorities Input tax paid on / representing FBR SRB PRA KPK 1. Extra Tax 2. Further tax, MVAT X 3. Goods or services in respect of which sales tax has not been deposited by the respective supplier No Rules Issued 4. Input tax is not verifiable in the supply chain or CREST identifies discrepancy thereagainst x x 5. Fake invoices or purchases from blacklisted or suspended persons 6. Purchase made by a person who fails to furnish prescribed return x x LIST TO BE CONTINUED represents input not allowed A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
11 CLAIM OF INPUT TAX Input tax credit not allowed General Input tax not being allowed by following authorities Input tax paid on /representing FBR SRB PRA KPK 7. Utility bills not in the name of registered person, unless certain specified conditions are met No Rules Issued 8. Goods and services acquired before commencement of the Act NA 9. Goods and services used or consumed in a service liable to reduced rate of sales tax X 10. Services on which input arise at the reduced rate X X represents input not allowed A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
12 CLAIM OF INPUT TAX Input Relating to services subject to Reverse Charge The Laws/Rules of SRB and PRA are required to be suitably amended to clarify that where the service recipient is liable to pay the sales tax under the concept of reversecharge then input relating to that service should be allowed to the recipient in the absence of tax invoice. A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
13 CLAIM OF INPUT TAX NEGATIVE LIST OF ITEMS Input tax not being allowed by following authorities Input tax paid on following goods otherwise than as stock in trade FBR SRB PRA KPK 1. Vehicles 2. Food, beverages, garments, fabrics etc, and consumption on entertainment etc. 3. Gifts and giveaways 4. Supply of electricity and gas to residential colonies of registered persons X 5. Telecommunication services supplied at the residential colonies of registered persons X X No Rules Issued 6. Building materials unless directly related to taxable activity 7. Office equipment and machines excluding directly related to taxable activity 8. Electrical and gas appliances, pipes, fittings excluding those directly used in taxable activity X 9. wires, cables ordinary electrical fittings and sanitary fittings unless used directly in taxable activity X represents input not allowed LIST TO BE CONTINUED A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
14 CLAIM OF INPUT TAX NEGATIVE LIST OF ITEMS Input tax not being allowed by following authorities Input tax paid on FBR SRB PRA KPK 10. Crockery, cutlery, utensils etc unless used directly in taxable activity X No Rules issued 11. Multiple use goods or items X X 12. Capital goods not exclusively used in rendering or providing of services X 13. Fixed assets not exclusively used in rendering or providing of services X IN ADDITION Balochistan Ordinance specifies certain services against which no input tax shall be allowed which includes: (i) Hotels, restaurants, caters (ii) Advertisement (iii) Agents, stevedores, chandlers (iv) Courier services represents input not allowed A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
15 SALES TAX SPECIAL PROCEDURES RULES A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
16 SPECIAL PROCEDURE RULES Special Procedures derive their special powers from the ACT whereby the Board/Authority can prescribe special procedures for payment of taxes, registration, book keeping, invoicing, returns, and other related matters. In view of that, the applicability of these special rules are relevant for determining the sales tax liability of a person. A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
17 SPECIAL PROCEDURE RULES SPRs FRAMED BY Special Procedure rules ( SPR) specified for following FBR (including under FED law) SRB PRA KPK 1. Financial services 2 . Insurance or re-insurance companies 3. Advertising agents 4. Advertisement on TV and radio No Rules issued 5. Telecommunication services 6. Franchise service 7. Custom House, Clearing agents and ship chandlers 8. Shipping agent 9. Stevedores and Freight forwarding Agents X 10. Port operators and Terminal Operators X 11. Airport and Airport terminal Operators, Ground service providers and Airport service providers X 12. Ship Management Service X X Services highlighted in Red are discussed in the forthcoming slides LIST TO BE CONTINUED A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
18 SPECIAL PROCEDURE RULES SPRs FRAMED BY Special Procedure rules specified for following FBR (including under FED law) SRB PRA KPK 13. Foreign Exchange Companies, Forex dealers and Money changers X X 14. Stock brokers and commodity brokers 15. Hotels, clubs restaurants etc X 16. Property Developers X X 17. Construction Services X X No Rules Issued 18. Beauty Parlors, beauty clinics etc X X 19. Security agency X X 20. Labor and manpower supply services X X 21. Legal Practitioners & Consultants, Accountants, Auditors and Tax Consultants X X 22. Courier Services X X 23. Air Craft operations X X 24. Sponsorship Services X X Services highlighted in Red are discussed in the forthcoming slides A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
19 SPECIAL PROCEDURE RULES 1. FINANCIAL SERVICES FBR, PRA AND SRB INCLUDES all financial services provided to any person. FBR and SRB exempts certain services like utility collection, Hajj and Umrah Services, Cheque Book, Musharika and Modaraba Financing. Registration : (a) (b) FBR and SRB requires Central office of the company or institution located in Sindh to register. PRA requires Provincial Head Office of the company located in Punjab to register. Value of services = Gross amount excluding Markup or Interest. Due date of Payment of tax: 15th day of the following Month. Filing requirements: (a) Return by 18th of the following Month. (b) Annual Audit Report within 15 days of its publication. (c) FBR and SRB has an ADDITIONAL REQUIREMENT to file Prescribed Reconciliation by 15th and 24th (respectively) of the Month following the end of every quarter. PRA is asking for such reconciliation through separate provisions. No requirement to issue invoices for services rendered. SPR of PRA envisage issuance of invoice to registered person if required. Each outlet located in the Province (in case of SRB and PRA) and the Head Office (in case of FBR)is REQUIRED to maintain sufficient records of the services provided or rendered A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
20 SPECIAL PROCEDURE RULES 1. FINANCIAL SERVICES FBR, PRA AND SRB ISSUES Rules should specify the basis of taxation i.e. (income in each province is to be determined on the basis of branches / offices located in a territory). Present taxation on the basis of location of branches is governed by an Agreement. Income from dealing in foreign currency is not taxable as services ; however, it is being considered for taxation by authorities. Merchant discount on credit cards is being considered as service although in substance, it is interest income and therefore not subject to tax. Exemption on following services provided by SRB and Federal Law, but not in KPK and Punjab law: (a) (b) (c) (d) (e) (f) Utility Collection Umrah and Hajj Cheque Book Musharika and Modaraba Financing Cheque Return (FBR only) Services in relation to Insurance only (FBR only) Notices received by Asset Management Companies from PRA for compulsory registration. A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
21 SPECIAL PROCEDURE RULES 2. INSURANCE OR REINSURANCE FBR, PRA AND SRB INCLUDES all kind of insurance except : (a) Life insurance (b) Health insurance (c) Crop insurance (d) Marine insurance for export Value of services = Gross Premium charged on risk covered in the policy. Due date of Payment of tax: 15th day of the following Month in which Premium is received (and not on accrual basis). Filing requirements: (a) Return along with Payment (i.e. 15th day) (b) Annual Audit Report within 15 days of its publication No requirement to pay sales tax if the contract is cancelled, however PRA adds that tax already paid shall not be refunded. A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
22 SPECIAL PROCEDURE RULES 2. INSURANCE OR REINSURANCE FBR, PRA AND SRB ISSUES Rules should specify the basis of taxation i.e. (income in each province is to be determined on the basis of branches / offices located in a territory). At present, such taxation is being regulated by an Agreement. Period allowed for issuance of debit/credit notes is different in Federal and Provincial laws. FBR - 365 days (allowed through ST General Order); PRA - 90 days and SRB 180 days A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
23 SPECIAL PROCEDURE RULES 3. ADVERTISING AGENT PRA AND SRB (FBR HAS ALSO LAID DOWN SPR IN FED BUT SERVICES OF ADVERTISING AGENT ARE NOT SUBJECT TO FED) Requires every advertising agent to register. Value of services in case of Commission Agent= Commission charged by the Agent + Any additional Amount. Value of service in case of other agent = Gross amount of value for such service Due date of Payment: (a) FBR and PRA- 15th day of November, February, May and August (i.e. Quarterly) (b) SRB 15th day of the month following the tax period (i.e. Monthly) Filing requirement: (a) FBR and PRA Quarterly statement in the prescribed format (to be filed with payment) (b) SRB Monthly Return by 18th of the Month TO BE CONTINUED A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
24 SPECIAL PROCEDURE RULES 3. ADVERTISING AGENT PRA AND SRB (FBR HAS ALSO LAID SPR IN FED BUT SERVICES OF ADVERTISING AGENT IS NOT SUBJECT TO FED) Exemption: Advertisements under grant-in aid agreements are taxable (FBR / PRA / SRB). PRA also exempts advertisements sponsored by Federal / Provincial Government for health education and public service message. The advertising agent is required to issue serially numbered invoices and maintain record of all services provided or rendered by him as are prescribed. The agent is required to maintain Register in the prescribed format on weekly basis FBR and PRA SRB registered agents are required to ensure compliance of Circular No. 6 of 2012, which envisage withholding by advertising agent if payments are made by / through advertising agent. A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
25 SPECIAL PROCEDURE RULES 4. ADVERTISEMENTS - SRB, PRA AND FBR INCLUDES advertisements: (a) Broadcast or telecast by TV or radio based in Pakistan (SRB and FBR)/ in Punjab(PRA) (b) Booked in Pakistan (SRB and FBR) / Punjab (PRA) for broadcasting/telecasting on TV or radio based abroad whether or not possessing landing rights in Pakistan (SRB and FBR)/ Punjab (PRA) (c) Transmitted on closed circuit TV or cable TV networks Value of taxable services = Higher of Consideration in money received or Gross amount incl Fed and Prov levies but excl Sales tax Registered advertisers can claim input tax if: (a) Payment through banking channel such that these are easily verifiable (b) Purchase Invoices as per the prescribed format (c) In case payment is made to advertising agent, the prescribed invoices / withholding procedure is complied with A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
26 SPECIAL PROCEDURE RULES 4. ADVERTISEMENTS / ADVERTISING AGENTS ISSUES Definition of advertising agent in SRB is widely defined to include services performed by third party for the principal; hence, should not be taxed in the hands of Agent e.g. production of advertisement . Overlapping lines of jurisdictions. 100 per cent withholding of sales tax on advertisement services resulting in refunds. Basis of taxation particularly for electronic media should be defined in Rules. PRA should appropriately amend the SPR to separately lay down the rules for Agent and advertiser , like SPR of SRB. Exemptions for certain advertisement services in Punjab should be extended to other Provinces. Cash flow problem for advertising agent who are required to pay on behalf of principal (irrespective of collection from clients), needs to be resolved. A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
27 SPECIAL PROCEDURE RULES 5. TELECOMMUNICATION SERVICES PRA, SRB AND FBR Who is required to register: Every person providing or rendering taxable telecom services (SRB does not distinguish as to where the service originate, terminate, enjoyed etc). Punjab on the other hand specifically covers the services rendered in, originated from, terminate in, are effectively enjoyed and used in Punjab, or where the SIMM is activated in Punjab or recipient of the service is present, resident, has PE or has primary residence in Punjab- and thereby covers all services within its scope. Payment of sales tax: Service Due date Post paid telephone 21st day of the following second month Pre-paid telephone 21st day of the following month 21st day of the following month in which the call is terminated Incoming international calls Other telecom services 21st day of the following month A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
28 SPECIAL PROCEDURE RULES 5. TELECOMMUNICATION SERVICES PRA, SRB AND FBR Sales tax paid on procurement of telecom equipment or services shall be allowed as input tax to the Company. Filing requirement: (i) Monthly return is required by SRB (ii) Monthly statement in the prescribed formats: SRB requires it to be filed by 24th of the following month whilst PRA and FBR requires filing of the Statement along with payment ISSUES Sales tax on internet services is not harmonized. Basis of taxation of telecommunication services should be defined in Rules A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
29 SPECIAL PROCEDURE RULES 6. FRANCHISE - SRB, PRA AND FBR Who to register: Every person holding or availing a franchise , except in case where franchiser is non- resident Value of taxable service: (i) Incase of proper franchise agreement > Gross amount paid or the amount laid down in agreement which ever is higher (ii) In case of no agreement, or incase the agreement does not require remittance > 10% of the turnover of the franchised goods or services SRB (iii) PRA deems franchise only in case of beverage and food sector but at 100% Rate of Tax: SRB and FBR- 10% PRA 16% Who is liable to Pay: incase franchiser and franchisee are locally based the franchisor In case franchiser is based outside Pakistan(SRB) / Punjab(PRA) the franchisee Due date of Payment: (a) 15th day of the month following the payment month laid down in the agreement (SRB) and in any case (PRA) (b) Incase of no agreement or no date specified in the agreement 15th day on quarterly basis SRB only A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
30 SPECIAL PROCEDURE RULES 6. FRANCHISE - SRB, PRA AND FBR Verification of TAX (i) FBR and PRA mention their right to obtain statistics regarding royalty, technical fee etc paid during a quarter to a franchisor / by a franchisee, from State Bank of Pakistan. (ii) FBR and PRA also mention that they may require the bank remitting franchise without payment of PST thereon, to withhold PST and deposit the same to PRA without claiming any deduction. No input tax shall be allowed against franchise PRA, SRB. PRA requires every franchisor or franchisee providing/receiving services in or in respect of Punjab to ensure compliance of PST. ISSUES Jurisdiction to collect Sales Tax Deemed Valuation for taxation should be streamlined, and collection of sales tax on franchise payments outside Pakistan should be subject to remittance allowed by SBP and not on mere accrual in books Allowability of input tax Difference in sales tax rate between PRA and SRB/FBR Scope of franchise needs to be clarified (i) technical fee whereunder no right is given to the receiving party should be clarified to be excluded from franchise (ii) Franchise determined irrespective of logo, brand name or trade mark etc is not understandable Department tends to interpret the definition to cover any payment (like management fee or fee for technical service) as franchise A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
31 SPECIAL PROCEDURE RULES 7. COURIER - PRA Scope: Every consignment BOOKED through courier services in Punjab and includes courier services provided by airlines, post offices, railways, road passenger or cargo transport businesses Who to register: Every person providing courier services in Punjab shall register in the name of his headquarter office Reporting requirement: (a) every person providing courier within or outside Punjab shall designate its regional office in Punjab to ensure compliance of the Act (b) every person to report all service outlets in Punjab within one month of his registration under the Act Value of taxable service: Shall not include charges of co-loader if these are billed to customer No input tax shall be allowed against courier services provided by airlines, post offices, railways, road passenger or cargo transport businesses. Additional facilities like warehousing, inventory management, packing etc shall be included in the gross amount of charges for courier services for the purpose of PST. A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
32 SPECIAL PROCEDURE RULES 7. COURIER PRA ISSUES Services like warehousing, packing, inventory management not otherwise taxable in Law are made taxable through special procedures by PRA for courier companies. Basis of taxation (on booking basis) should be streamlined and agreed by all Provincial Authorities. A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
33 SPECIAL PROCEDURE RULES 8. LEGAL PRACTITIONERS AND CONSULTANTS, TAX CONSULTANTS, AUDITORS, ACCOUNTANTS SRB Who is required to register: Every person providing legal, tax consultancy, audit or accounting services Value of taxable service: Gross amount charged for the services provided or rendered. Due date of payment of tax: 15th day of the Second Month following the tax period. Due date of return: within 3 days from the due date of payment. Requires to issue serially numbered invoices or bill of charges for each transaction, in the prescribed format. Requires maintenance of all records of service provided or rendered in the prescribed manner, along with copies of contract entered into with client. A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
34 SPECIAL PROCEDURE RULES 8. LEGAL PRACTITIONERS AND CONSULTANTS, TAX CONSULTANTS, AUDITORS, ACCOUNTANTS SRB ISSUES Taxation of legal and professional services should be withdrawn (already certain petitions pending). Rules should provide that sales tax is not chargeable on Out of Pocket expenses reimbursed by clients. Sales tax on export of services by tax and legal consultants should be zero-rated by SRB. A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
35 SPECIAL PROCEDURE RULES 9. LABOUR AND MANPOWER SUPPLY SERVICES - SRB Who is required to register: Every person providing or rendering labour and manpower supply services Value of taxable service: Gross amount charged for the services provided or rendered excluding salary and allowances of labour and manpower supplied by such person to a service recipient on actual basis. Due date of payment of tax: 15th day of the Month following the tax period. Due date of return: 18th of the Month following the tax period. Requires to issue serially numbered invoices or bill of charges for each transaction, in the prescribed format. Requires maintenance of all records of service provided or rendered in the prescribed manner, along with copies of contract entered into with client. A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
36 SPECIAL PROCEDURE RULES 10. CONSTRUCTION SERVICES - SRB Who is required to register: Every person providing or rendering construction services who elect or opt to pay tax at reduced rate of 4%. The election or option should be filed with the Commissioner SRB on or before July 26, 2013 or incase of person engaged in construction business at a later date then within 21 days from the date of commencement of his business. Unless the option is not filed in the prescribed manner, statutory rate of 16 per cent shall become applicable. Value of taxable service: Gross amount charged for the services provided or rendered. Due date of payment of tax: 15th day of the Month following the tax period. Due date of return: 18th of the Month following the tax period. Requires to issue serially numbered invoices or bill of charges for each transaction, in the prescribed format. Requires maintenance of all records of service provided or rendered in the prescribed manner, along with approved building plans, drawings, completion certificate and the contract with the service recipient. A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
37 SPECIAL PROCEDURE RULES SPECIAL PROCEDURES SHOULD BE ISSUED FOR FOLLOWING SERVICES AND RELATED ASPECTS BE CLARIFIED: 1. Business Support Services: (a) does it cover all services outsourced by a company like labour contractor, finance, marketing or IT functions etc. (b) what is its scope when there are specific headings like management, IT, HR consultants etc etc. 2. Contractual Execution: (a) scope of such contracts (a) how will the threshold of the contract be determined (b) how will the value of services component be determined A.F. FERGUSON & CO. A member firm of the PwC network Sales Tax on Services
38 THANK YOU
