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Pakistan Publishes Finance Supplementary (Second Amendment) Act 2019

15 March 2019

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Approved Changes

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Pakistan

Pakistan's Federal Board of Revenue has published the Finance Supplementary (Second Amendment) Act 2019, which was approved by the National Assembly on 6 March 2019 and was assented by the president on 9 March. Measures of the Act include: The super tax for rehabilitation of temporarily displaced persons is extended indefinitely (was to expire 2020), with an amendment in the rates: For banking companies, the 0% rate for the 2018 tax year and the rates of 3% and 2% scheduled for the 2020 and 2021 tax years are all replaced with a 4% rate (the 4% rate for 2019 tax...