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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|