Pakistan's Federal Board of Revenue has published the Tax Laws (Second Amendment) Ordinance 2019, which was originally published in the Official Gazette on 28 December 2019 and includes income tax, sales tax, and customs amendments. Some of the key points are summarized as follows: The rate of minimum tax is reduced from 1.5% to 0.5% for traders with turnover up to PKR 100 million, although traders are obliged to pay tax equal to or more than the tax paid for the Tax Year 2018 for the Tax Years 2019 and 2020; Amendments are made to encourage foreign investment in the...