Pakistan's Federal Board of Revenue (FBR) issued Circular No. 10 of 2021-22 — Operations (Income Tax) on 1 December 2021, providing a further extension of the deadline for digital payments by the corporate sector stipulated in Section 21 (la) of Income Tax Ordinance-2001 until 31 December 2021. The extension is in relation to the new digital payment requirements introduced by the Tax Laws (Third Amendment) Ordinance 2021, which was previously extended to 30 November 2021. 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...