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 in the Gazette of Pakistan, Extraordinary, Part-I, dated 23d February, 2023 as an Act No. X of 2023.
Our comments, explaining these amendments are contained in the following sections. If you need our assistance in understanding the specific implications of this Alert to your situation, please feel free to contact us.
Chief Executive Officer / Partner