Pakistan's Federal Board of Revenue (FBR) has published the Finance Act 2023, which received the assent of the President (was enacted) on 26 June 2023. The Finance Act 2023 contains the measures of Pakistan's Federal Budget 2023-2024, presented on 9 June 2023, with some adjustments. The measures of the Act generally enter into force on 1 July 2023, unless otherwise specified. The main measures include the following: The permanent establishment provisions are revised, including the removal of the term "fixed" from the definition of permanent establishment, as well as the addition of a new clause to provide that a permanent...