Technical Updates

1. IASB PROPOSES CHANGES TO THE IFRS ACCOUNTING TAXONOMY 2022 FOR AMENDMENTS TO IFRS 16 AND IAS 1
2. IASB PROPOSES ACCELERATED NARROW-SCOPE AMENDMENTS TO ACCOUNTING STANDARD ON INCOME TAXES

1. IESBA RELEASES COMPREHENSIVE RESEARCH ON IMPACTS OF TECHNOLOGY ON ETHICS; REAFFIRMS RELEVANCE, APPLICABILITY AND NEED FOR #IESBACODE IN ACCOUNTING PROFESSION

1.FBR EXTENDED THE DATE OF FILING OF INCOME TAX RETURNS TILL NOVEMBER 30, 2022
2.IFAC RELEASES ADDITIONAL SUPPORT FOR SMALL FIRMS ON THE IAASB S QUALITY MANAGEMENT STANDARDS
3.IASB AMENDS ACCOUNTING STANDARD TO IMPROVE INFORMATION ABOUT LONG-TERM DEBT WITH COVENANTS

1. DATE TO ENCASHMENT, CONVERSION OF DISCONTINUED PRIZE BONDS EXTENDED
2. SHAREHOLDING RETURNS-BANKS/DFIS/MFBS
3. CATEGORIZATION OF OPEN-END COLLECTIVE INVESTMENT SCHEMES (CIS)
4. AMENDMENTS IN RULES 37(2), 38(2) AND SECOND SCHEDULE TO THE INCOME TAX RULES, 2002 - SIMPLIFIED INCOME TAX RETURN FORM FOR SMALL RETAILERS AND SHOPKEEPERS

1. CIRCULAR NO. 10 OF 2022 – SALES LOAD BEING CHARGED BY COLLECTIVE INVESTMENT SCHEMES
2. DRAFT AMENDMENTS IN RULES 37(2), 38(2) AND SECOND SCHEDULE TO THE INCOME TAX RULES, 2002
3. FBR INSERTED RELEVANT FORM FOR TAX PAYERS FOR PAYMENT ON IMMOVABLE PROPERTIES

1. AMENDMENTS IN BAGGAGE RULES, 2006 - FBR SETS NEW RULES FOR CURRENCY DECLARATION
2. SECP EXTENDS EFFECTIVE DATE OF APPLICABILITY OF IFRS 9 FOR NBFCS (INCLUDING NBMFCS) AND MODARABAS

1. FBR ALLOWS EXEMPTIONS ON IMPORT AND SUPPLY OF GOODS FOR FLOOD VICTIMS FROM SALES TAX, WITHHOLDING TAX AND FEDERAL EXCISE DUTY
 

1. LEVY OF REGULATORY DUTY ON PETROL
2. EXEMPTION OF ADDITIONAL CUSTOM DUTY ON IMPORT OF EDIBLE PALM OIL, FOR SHIPMENTS ORIGINATING FROM ALL SOURCES EXCEPT INDONESIA - AMENDMENT IN S.R.O 845(I)/2021 DATED 30.06.2021
 

1.FIXATION OF VALUE FOR SUPPLY OF CNG FOR SALES TAX PURPOSES
2.TEMPORARY WAIVER OF OTP/CALLBACK CONFIRMATION REQUIREMENT ON AMA ACCOUNTS
 

1. NOTIFICATION FOR FEE TO BE CHARGED FOR FILING OF STATEMENT OF BENEFICIAL OWNERSHIP
2. ADVANCING PUBLIC SECTOR SUSTAINABILITY REPORTING: IPSASB LAUNCHES GLOBAL CONSULTATION