Pakistan's Federal Board of Revenue has published the Tax Laws (Second Amendment) Ordinance 2022, which was promulgated on 22 August 2022. The main measure of the Ordinance is the amendment of the Sales Tax Act 1990 to effectively withdraw the fixed tax regime for small (non-Tier 1) retailers that was introduced as part of the Finance Act 2022. As previously reported, the fixed tax regime is based on the taxpayer's commercial electricity bill, with fixed tax amounts of PKR 3,000 to PKR 200,0…