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PK-KPMG Finance Act 2020

PK-KPMG Finance Act 2020

The National Assembly approved the Finance Bill 2020 with certain amendments proposed therein and after the assent of the President of Pakistan, Finance Act, 2020 has been enacted on 30 June 2020.

Kamran Butt

Partner - Head of Tax

KPMG in Pakistan


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KPMG Finance Act 2020

This publication contains a review of changes made in Income Tax Ordinance, 2001, Sales Tax Act, 1990, Federal Excise Act, 2005 and The Customs Act, 1969 through the Finance Act, 2020.

This document contains the comments, which represent our interpretation of the legislation. We recommend that while considering their application to any particular case reference be made to the specific wordings of the relevant statute.

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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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