Tax Supplementary Finance Act 2023
The Federal Government has introduced Finance (Supplementary) Act, 2023 (Bill) to amend certain laws relating to taxes and duties.
Post-pandemic Asia Pacific: Taxation fast lanes and speed bumps
Post-Covid Asia Pacific recovery promises new opportunities for businesses. However, […]
WTS Global International Corporate Tax Newsletter in 2022
Federal Budget Outline 2020-21
A Bill to give effect to the financial proposals of the Federal Government of Pakistan for the year beginning on the first day of 01’July’ 2020, and to amend certain laws is presented before the National Assembly by Federal Minister of Industries. FINANCE BILL 2020 The salient features of amendments proposed in Income Tax Ordinance, 2001 […]
Prime Minister’s Stimulus Package for Construction Industry
1. Foreword The Prime Minister of Pakistan has announced a comprehensive relief / stimulus Package for the Construction Industry on 3’ April’ 2020 amidst COVID-19 Pandemic outbreak. The Package seeks to secure livelihood of the labor dependent on Construction Industry of the country, stimulating the economy and to shape access to affordable housing. The President […]
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 of […]
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 […]