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.

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.