KCO Newsletter March 2020
KCO Newsletter March 2021
DISCLAIMER
All blogs are written independently by each writer .Under no circumstances khilji & co bears responsibility or necessarily agrees with the views of any authors. These blogs also do not constitute provision of legal advice or professional opinion for and on behalf of khilji & co.
Withdrawal of Income Tax Exemptions and Pakistan’s IT Sector
This blog is written by Mr. Ahmad Yar Khan. Please read this blog and provide your valued comments The Government through the promulgation of Tax Laws (Amendment) Ordinance, 2021 approved the withdrawal of around 80 income tax exemptions. One of the industries impacted by this withdrawal is the IT and IT enabled services sector. It [...]
Lifting the Veil of Ultimate Beneficial Ownership
This blog is written by Mr. Agha Mudassar Khan. Please read this blog and provide your valued comments Lifting the Veil of Ultimate Beneficial Ownership Knowledge about real owners of any corporate vehicle is pivotal in worldwide efforts to fight against corruption, preventing money laundering, countering terror financing and combating tax frauds. Numerous empirical [...]
FATF RECOMMENDATIONS RELATED TO DNFBPs AND CHALLENGES FACED BY FBR
KCO BLOGS 2021 FATF RECOMMENDATIONS RELATED TO DNFBPs AND CHALLENGES FACED BY FBR This blog is written by Mr. Abdul Hafeez. Please read this blog and provide your valued comments INTRODUCTION: The FATF research highlighted a trend in the use of complex commercial arrangements by money launders (ML) and terrorism financiers (TF) to hide [...]
YEAR TWENTY-20 VS PAKISTAN ECONOMY
This blog is written by Mr. Asim Habib. Please read this blog and provide your valued comments Though, the year 2020 will be remembered in history as the year of pandemic and its devastation across the world. However, at the same time, the world will remember this year in redefining the word “normal”. The pandemic [...]
NOTICE UNDER RULE 44(4) OF INCOME TAX RULES 2002
This blog is written by Mr. Saif Uddin Khilji. Please read this blog and provide your valued comments NOTICE UNDER RULE 44(4) OF INCOME TAX RULES 2002 This notice has become a norm and nearly every withholding agent is receiving this and being asked by the department to provide reconciliation under Rule 44(4) [...]
COMMODITY / MERCANTILE EXCHANGE IN PAKISTAN
This blog is written by Mr. Nauman Ul Qadeer. Please read this blog and provide your valued comments The purpose of this blog is to give a brief introduction about commodity / mercantile exchange and to identify registration / licensing requirements of Future Brokers only. Introduction Commodity Exchange or Mercantile Exchange is a [...]
FBR Circular
FBR Circular No. 05 of 2021 of March 26, 2021 Procedure for Issuance of Consumption Certificate for Import of Industrial Inputs by FATA/PATA-Domiciled Industries To implement and enforce the tax-related incentives and benefits extended by the Parliament to residents of FATA/PATA, Circular No. 9 of 2021 dated March 1, 2021, has been issued. The Circular [...]
Tax Laws (Second Amendment) Ordinance, 2021
Tax Laws (Second Amendment) Ordinance, 2021. This Ordinance promulgated on 22nd March, 2021 by the Government of Pakistan Ministry of Law and Justice through The President is hereby published for general information 2021326143316591incometax(secondamendment)ordinance,2021)ordinanceNo.VIIof2021dataed22.03.2021_compressed It shall come into force at once.
FBR Circular
Profile Extension 2021326153491545Circular14-2021