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Syed Shabbar Zaidi & Co

Syed Shabbar Zaidi & Co

Business Recorder

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Realignment of appellate forums

Introduction A bill under the title the Tax Laws (Amendment) Act, 2024 has been laid down before the National Assembly. The statement of objective as...

latest 3

Business Recorder

Syed Shabbar Zaidi & Co

Technical Release 4/2024: e-integration--Point of Sale (POS) system

Introduction, The Federal Board of Revenue through SRO 428(I)/2024 dated March 22, 2024 has undertaken one of the most relevant steps towards...

27.03.2024 20

Business Recorder

Syed Shabbar Zaidi & Co

Utilisation of export proceeds for investments abroad, etc.

General: The State Bank of Pakistan has issued an EPD Circular Letter No 02 of 2024 dated February 23, 2024. Through this letter ‘Exporters’ have...

27.02.2024 10

Business Recorder

Syed Shabbar Zaidi & Co

Is Super Tax payable on dividend?

Introduction, 1- This note has been prepared to dispel the incorrect perception that Super Tax under Section (4C) of the Income Tax Ordinance, 2001 is...

03.01.2024 20

Business Recorder

Syed Shabbar Zaidi & Co

Claim of input tax under Sales Tax Act, 1990

General, The Federal Board of Revenue (FBR) has proposed a fundamental change in the Federal Sales Tax system which is governed by the Sales Tax Act,...

19.12.2023 10

Business Recorder

Syed Shabbar Zaidi & Co

Real time access to info and data base

Documentation of Economic transactions in Pakistan The nature of documentation of Pakistan’s economic environment can be classified into three...

10.12.2023 30

Business Recorder

Syed Shabbar Zaidi & Co

Hailing IHC’s interim order on windfall income tax on banking cos

Further our Technical Release 12/2023 dated November 28, 2023 wherein we have given our comments on the Windfall Income Tax on Banking Companies...

01.12.2023 10

Business Recorder

Syed Shabbar Zaidi & Co

Tax on windfall income: Banking companies

General The Finance Act, 2023 introduced a new provision, Section (99D), in the Income Tax Ordinance 2001. Under this provision the Federal...

29.11.2023 30

Business Recorder

Syed Shabbar Zaidi & Co

Super tax for tax year 2023: hiked rate cannot be applied with retrospective effect

In our Technical Release 1/2023 relating to the Finance Act, 2023, which was issued on June 9, 2023, our view was that an increased rate of 10 percent...

26.09.2023 10

Business Recorder

Syed Shabbar Zaidi & Co

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