Pakistan's Federal Board of Revenue (FBR) has announced an extension of the deadline for digital payments by the corporate sector stipulated in Section 21 (la) of Income Tax Ordinance-2001 until 30 November 2021. The extension is provided by Circular No. 09 of 2021-22-Operations (Income Tax) in relation to the new digital payment requirements introduced by the Tax Laws (Third Amendment) Ordinance 2021. As previously reported, one of the key measures of the ordinance was the introduction of a new Section 21 (la), providing that any expenditure by a company for a transaction, paid or payable under a single account head...