Pakistan's Federal Board of Revenue has published the Tax Laws (Amendment) Ordinance 2021, which was promulgated by the president on 11 February 2021. The ordinance contains various customs, sales tax, and income tax amendments. Some of the main amendments include the following:
- The Customs Act is amended to incorporate the 10-year customs exemptions for Special Technology Zones as introduced by the Special Technology Zones Authority Ordinance 2020;
- Reduced tax rates and exemptions are intr…