Tax Insights

Welcome to our latest newsletter, packed with insightful updates and important information on Income Tax and Sales Tax in Pakistan. In this edition, we bring you the latest developments and changes in fiscal laws and regulations that will impact businesses and individuals. From the judgment of the Lahore High Court on section 7E to updates […]

TAX INSIGHTS – # 01 – MARCH, 2023

Black & White Pillars

Welcome to our monthly issue of Tax Insights on the Income Tax and Sales Tax in Pakistan. This month, we present you important information on amendments introduced in fiscal laws through the Finance (Supplementary) Act, 2023, proposed changes in the Income Tax Rules, 2002, which focus on maintaining records of beneficial owners. In addition, we […]

Tax Supplementary Finance Act 2023

The Federal Government has introduced Finance (Supplementary) Act, 2023 (Bill) to amend certain laws relating to taxes and duties. The Act has amended the following fiscal laws: Sales Tax Act, 1990, Income Tax Ordinance, 2001, Federal Excise Act, 2005 The Act has received assent from  the President on 23d February 2023 and has been published […]

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 […]