Pakistan: Sales tax, other measures in pending legislation (mini budget)
The focus of the pending bill concerns the repeal of certain sales tax exemptions.
The focus of the pending bill concerns the repeal of certain sales tax exemptions.
The Finance Supplementary Bill 2021—often referred to as the “mini budget”—is pending consideration in the Parliament, having been already approved by the Cabinet.
The focus of the pending bill concerns the repeal of certain sales tax exemptions.
The bill also includes measures regarding the disallowance of deductions for certain expenses over a threshold amount if not paid by digital or electronic means. Other measures address a minimum tax, information reporting about accounts by banks, and advance tax payments relating to advertising and television programming.
Read a January 2022 report [PDF 871 KB] prepared by the KPMG member firm in Pakistan
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