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A Brief on Finance Supplementary Bill 2018

A Brief on Finance Supplementary Bill 2018

The Finance Minister today presented Finance Supplementary (Amendment) Bill 2018 in the National Assembly for amendment of certain provisions of the Federal tax laws.


National Head of Tax

Saqib Masood

Partner and Head of Location - Karachi

KPMG in Pakistan


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A Brief on Finance Supplementary Bill 2018

We are pleased to summarize our comments containing our interpretation of the proposed legislation in this brief.

The proposed amendments shall take effect from the next date of assent given by the President. However, certain amendments in the Income Tax Ordinance, 2001 shall be effective from 01 July 2018.

We recommend that while considering their application to any particular case, reference be made to specific wordings of the relevant statutes.

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The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

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