Federal Board of Revenue has issued extension in the dates of Payment Submission of Sales Tax and Federal Excise Returns for the Tax Period MARCH 2020. ISSUING AUTHORITY: FEDERAL BOARD OF REVENUE POWERS EXERCISED U/S: SECTION 74 OF SALES TAX ACT 1990 SECTION 43 OF FEDERAL EXCISE ACT 2005. NOTIFICATION NO: [...]
EXTENSION IN TIME FOR RENEWAL OF LICENCES DUE TO COVID-19 Dear Valued Client, Securities and Exchange Commission of Pakistan issued Circular 19 on May 15, 2020. Through this Self Explanatory Circular, SECP issued facilitative guidelines regarding renewal of licences under section 42 of Company Law. Please click below to read the original Circular. [...]
AMENDMENTS IN COMPANIES ACT 2017 Through Presidential Order dated April 30th, 2020 The President of Pakistan has approved amendments to Companies Act, 2017 through Companies (Amendment) Ordinance, 2020. These amendments are proposed by Securities and Exchange Commission of Pakistan (SECP) to promote ease of doing business, improve protection of minority shareholders and remove some anomalies [...]
AML-CFT-Guidance-on-RBA-in-Covid-19-pandemic
SMEDA has planned to organized a ZOOM based Webinar on Construction Industry Tax Package. this event will be held on May 15, 2020 from 10a.m. to 5 p.m. Mr. Sharif Uddin Khilji, FCA, Chief Executive, Khilji & Co will conduct this event as CONSULTANT.
This blog is written by Mr. Abdul Hafeez, Senior Manager Taxation Advisory Services. Please read this blog and provide your valued comments. AN IMPORTANT JUDGMENT OF SUPREME COURT OF PAKISTAN REGARDING PAYMENT OF CAPITAL VALUE TAX (CVT) Civil Petition No. 3224 of 2019 Capital value tax (CVT) has been imposed through section 7 of the [...]
This Blog is written by Mr. Sharif ud din Khilji, FCA, Partner/ Chief Executive, Khilji & Co. Chartered Accountants. Please read this blog and provide us your valued comments. ANOMALIES IN CONSTRUCTION AMNESTY SCHEME Industrial undertaking The construction sector entities are declared “industrial undertaking” only for the purpose of import of plant & machinery. Other sectors who fall [...]
In continuation of our regular practice, we are pleased to present and publish our Newsletter for the month of APRIL 2020. Please click on link mentioned below to access and study the Khilji & Co, Chartered Accountants Newsletter (APRIL 2020.) KCO Newsletter April 2020 This Newsletter envisages following aspects: SIGNIFICANT PUBLICATIONS OF THE MONTH COMMENTARY [...]
ISSUING AUTHORITY: FEDERAL BOARD OF REVENUE POWERS EXERCISED U/S: 50 of STA, 1990 NOTIFICATION NO: SRO. 353(1)/2020 DATE OF ISSUANCE: MAY 05, 2020 EFFECTIVE FROM: WITH IMMEDIATE EFFECT (i.e. MAY 05, 2020) AMENDMENTS MADE IN: SALES TAX RULES 2006 LINK [...]
ISSUING AUTHORITY: FEDERAL BOARD OF REVENUE POWERS EXERCISED U/S: 8B(4) & PROVISO TO SUB-SECTION 1 OF STA, 1990 NOTIFICATION NO: SRO. 344(I)/2020 DATE OF ISSUANCE: APRIL 29, 2020 EFFECTIVE FROM: WITH IMMEDIATE EFFECT (i.e. APRIL 29, 2020) AMENDMENTS MADE IN: SRO 1190(I)/2019 DATED OCTOBER 2, 2019 COMMENTARY: Earlier FBR has issued SRO 1190(I)/2019 [...]
