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Pakistan Publishes Finance Supplementary (Second Amendment) Act 2019

|Approved Changes|Pakistan
Pakistan

Pakistan's Federal Board of Revenue has published the Finance Supplementary (Second Amendment) Act 2019, which was approved by the National Assembly on 6 March 2019 and was assented by the president on 9 March. Measures of the Act include:

  • The super tax for rehabilitation of temporarily displaced persons is extended indefinitely (was to expire 2020), with an amendment in the rates:
    • For banking companies, the 0% rate for the 2018 tax year and the rates of 3% and 2% scheduled for the 2020 and…

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