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Sales Tax and Federal Excise Extensions amid COVID-19 Pandemic

Extension in time for Payment of Sales Tax & Federal Excise Duty. Tax Period January – 2020 & February- 2020   Tax Period February - 2020 In continuance of its steps to redress the hardships faced by businesses during the COVID-19 pandemic outbreak, Federal Board of Revenue (“FBR”) has announced extension in date for payment [...]

By |2020-04-10T10:19:52+00:00April 2nd, 2020|

Singapore Budget 2020 – Relief From Global Uncertainty, Growing the Future Economy

Budget 2020 was delivered by Deputy Prime Minister and Minister for Finance, Mr Heng Swee Keat, to the Singapore Parliament on 18 February 2020. Known as the Unity Budget, Budget 2020 focused on: (a) ensuring that Singapore remains business competitive; (b) preserving jobs and helping businesses to mitigate the economic slowdown resulting from the twin [...]

By |2020-04-07T13:19:28+00:00March 30th, 2020|

Managing the impacts of COVID-19

Newsfeed Companies on a global level are faced with the effects of the globally spreading Coronavirus (COVID-19). The current situation poses huge challenges regarding labor issues, personal data processing, public health, contracts, corporate governance, tax obligations and sanctions-related matters. This raises substantial questions and concerns from a tax and legal point of view. Our experts [...]

By |2020-04-07T13:19:42+00:00March 30th, 2020|

Tax Measures to Support Control of COVID-19 Pandemic

Extension in Date for Filing of Sales Tax & Federal Excise Returns - Tax Period January 2020 & February 2020 Federal Board of Revenue (“FBR”) has announced extension in date for filing of Sales Tax and Federal Excise Returns in the wake of challenges posed by the COVID-19 (Coronavirus). According to FBR’s letter of 24’ [...]

By |2020-04-10T10:17:30+00:00March 25th, 2020|

Corporate Law Relaxation due to COVID-19 Pandemic

In response to the effect of widespread COVID-19 (Coronavirus) pandemic on businesses, Securities and Exchange Commission of Pakistan (“SECP”) has issued Circular No.6/2020 on 22’ March’ 2020.  The Circular allows temporary relaxation from compliance to certain requirements of the Companies Act, 2017 (the “Act”) which include the following: The companies whose financial year has ended [...]

By |2020-04-07T13:14:54+00:00March 24th, 2020|

Finance Bill 2018

The high growth rates over the last 5 years have produced unprecedented economic expansion … today Pakistan’s economy is 24th largest economy in the World. Incumbent Finance Minister, Dr. Miftah Ismail on 27’April’2018 A bill to give effect to the financial proposals of the Federal Government of Islamic Republic of Pakistan for the year beginning [...]

By |2018-04-30T08:41:35+00:00April 30th, 2018|