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A Brief on KPK Finance Bill 2020 and Punjab Finance Bill 2020

PK-A Brief on KPK Finance Bill 2020 and Punjab Finance

The KPK Finance Bill 2020 was presented in the KPK Provincial Assembly on 19 June 2020 whereas Punjab Finance Bill 2020 was presented in the Punjab Provincial Assembly on 14 June 2020.

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Kamran Iqbal Butt

Partner, Tax & Advisory Services

KPMG in Pakistan

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A Brief on KPK Finance Bill 2020 and Punjab Finance Bill 2020

We are pleased to summarize our comments containing our interpretation of the proposed legislations in this brief. We recommend that while considering their application to any particular case, reference be made to the specific wordings of the relevant statutes.

The amendments shall take effect from first day of July 2020 subject to approval by the KPK Assembly and Punjab Assembly respectively.

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© 2020 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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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