Pakistan's Federal Board of Revenue has published the Tax Laws (Third Amendment) Ordinance 2021, which was promulgated on 15 September 2021 and generally applies with immediate effect. One of the key measures of the ordinance provides that any expenditure by a company for a transaction, paid or payable under a single account head that exceeds PKR 250,000 in the aggregate will not be deductible if made by any means other than by digital means from a business bank account of the taxpayer notified to the Commissioner. However, certain expenditure is excluded from the limitation including expenditures not exceeding PKR 25,000...