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FBR Notification

ISSUING AUTHORITY:                   FEDERAL BOARD OF REVENUE POWERS EXERCISED U/S:             3(2A)(a) OF ICT (Tax on Services) Ordinance, 2001 3(2)(b) of STA, 1990 NOTIFICATION NO:                        SRO. 326(I)/2020 DATE OF ISSUANCE:                       APRIL 2, 2020 EFFECTIVE FROM:                         WITH IMMEDIATE EFFECT (i.e. APRIL 27, 2020) AMENDMENTS MADE IN:              SRO 495(I)/2016 DATED JULY 4, 2016   COMMENTARY:   Earlier this month, [...]

By | April 28th, 2020|News|0 Comments

SBP Measures

  Introduction   Amid the growing concerns of COVID – 19 pandemic, State Bank of Pakistan (SBP) has, thus far, announced a number of regulatory relief measures for the financial sector and real economy. These measures are primarily aimed at ensuring the safety and soundness of banking sector while enhancing their lending capacity to support [...]

By | April 23rd, 2020|News|0 Comments

Punjab Stamp (Amendment) Ordinance 2020

The Stamp (Amendment) Ordinance 2020 issued by Government of Punjab whereby rates of stamp duty on certain instruments have been reduced. The reduced rates are effective from 1 April 2020 and shall remain in force till 30 June 2020. Updated entries of Schedule-I to The Stamp Act, 1899 are also attached, Revised rates are highlighted [...]

By | April 22nd, 2020|News|0 Comments

FBR and PRA Notifications

Introduction   In order to provide ease to our valued clients, Khilji and Co is please to publish the commentaries of Multiple Notifications from FBR and Punjab Revenue authority in single transmittal document.   1. ISSUING AUTHORITY:                   FEDERAL BOARD OF REVENUE (FBR) POWERS EXERCISED U/S:             74 OF STA, 1990 NOTIFICATION NO:                       C.No. 2 (1)/ST & [...]

By | April 22nd, 2020|News|0 Comments

Tax Law (Amendment)Ordinance 2020

Dear Valued Client,   Government of Pakistan through The President of Pakistan issued Tax Law (Amendment)Ordinance 2020. This ordinance shall come into force at once.   Khilji and Co is pleased to prepare and published a detailed Commentary on this Ordinance   LINK OF DOCUMENTS   Please click on links below to rad the Original [...]

By | April 21st, 2020|News|0 Comments

PRA AND KPRA Notifications

  INTRODUCTION   Punjab Revenue Authority and Khyber Pakhtunkhwa Revenue authority has issued extensions in the dates of Payment and Filing Submission of Provincial Sales Tax Return for the Tax Period MARCH 2020.   ISSUING AUTHORITY:                               Punjab Revenue Authority Khyber Pakhtunkhwa Revenue Authority   POWERS EXERCISED U/S:                         SECTION 1 OF SECTION 84 OF PUNJAB [...]

By | April 20th, 2020|News|0 Comments

FBR Information

  INTRODUCTION   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. [...]

By | April 18th, 2020|News|0 Comments

FBR Notifications

Introduction   In order to provide ease to our valued clients, Khilji and Co is please to publish the commentaries of Multiple Notifications in single transmittal document.   Commentaries   ISSUING AUTHORITY:                   FEDERAL BOARD OF REVENUE POWERS EXERCISED U/S:             53(2) OF ITO, 2001 NOTIFICATION NO:                       SRO. 315(I)/2020 DATE OF ISSUANCE:                      APRIL 16, 2020 EFFECTIVE FROM:                         [...]

By | April 18th, 2020|News|0 Comments

SRB Circular

Covid-19 Circular (15.04.2020).pdf

By | April 17th, 2020|News|0 Comments

SECP Circular

PREVENTIVE MEASURES AGAINST CORONAVIRUS DISEASE (COVID-19) THE CURRENT OUTBREAK OF CORONAVIRUS DISEASE (COVID-19)     SECP vide Circular No. 13 of 2020 dated April 14, 2020 issued following preventive meausres to protect well-being of employees of the Securities and Exchange Commission of Pakistan deputed at the Company Registration Offices (CROs) and facilitation centers   The [...]

By | April 15th, 2020|News|0 Comments