Dear Clients, It is informed that an agreement has been singed today between the Federal Government and SRB for allowing input tax adjustment of sales tax paid on services. Similar agreement is expected today with PRA as well. Ordinance and requisite notification are likely to be issued by 1st September, 2016.
The proposed changes can be accessed here: https://drive.google.com/open?id=0BwUI-Pxfjgugai10T185M01JeXRBejlNRDJFWkVubjRzSExZ
The proposed changes can be accessed here: https://drive.google.com/open?id=0BwUI-Pxfjgugai10T185M01JeXRBejlNRDJFWkVubjRzSExZ
The proposed changes can be accessed here: https://drive.google.com/open?id=0BwUI-PxfjgugS0xHTFZ3TG5DRGlBYXNFZF9YcFVrOExURmk0
The proposed changes can be accessed here: https://drive.google.com/open?id=0BwUI-PxfjgugS0xHTFZ3TG5DRGlBYXNFZF9YcFVrOExURmk0
The said notification can be accessed here: https://drive.google.com/open?id=0BwUI-PxfjgugVnpua284blJFdUdHNks2RGVZRFJaZ2FHV0xJ
The said notification can be accessed here: https://drive.google.com/open?id=0BwUI-PxfjgugVnpua284blJFdUdHNks2RGVZRFJaZ2FHV0xJ
The changes can be accessed here: https://drive.google.com/open?id=0BwUI-PxfjgugZlNmRjdlbFZ3RTd2UG1qVlNHSjZuMnhQRktZ
The changes can be accessed here: https://drive.google.com/open?id=0BwUI-PxfjgugZlNmRjdlbFZ3RTd2UG1qVlNHSjZuMnhQRktZ
Vide SRO 37(I)/2017 dated 23.01.2017, Federal Government has extended the period of operation of SRO 811(I)/2016, dated 31.08.2016, till 31.03.2017, wherein amendment was made in Division XXI of Part IV of the Income Tax Ordinance, 2001. Through this amendment income tax @ 0.4% will be charged on banking transactions of non-filer for the period [...]