Pakistan has published the Finance Act, 2018, which received assent from the President on 22 May 2018. The Act provides for the implementation of the measures proposed as part of the 2018/2019 Budget, with some amendments. The main measures are summarized as follows: Tax Rate Changes Tax rate changes include: A reduction in the corporate tax rate from 30% to 29% for the 2018/19 tax year, followed by an additional 1% reduction per year until reaching 25% from the 2022/23 tax year; A reduction in the corporate tax rate for small companies from 25% to 24% for the 2018/19 tax...