Technical Updates

1. COLLECTION OF DUTY & TAXES ON 29 & 30TH SEPTEMBER, 2021
2. PARTIAL EXEMPTION OF IFRS-9 (FINANCIAL INSTRUMENTS)
3. FIRST-TIME IMPLEMENTATION GUIDE FOR ISQM 1 UPDATED AND REISSUED

1. SBP INTRODUCES INNOVATIVE SME ASAAN FINANCE SCHEME (SAAF) FOR LENDING TO SMES WITHOUT COLLATERAL

2. AMENDMENT IN SECTION 122 OF THE INCOME TAX ORDINANCE, 2001 - FINANCE ACT, 2021

1. Draft Income Tax Return Forms Manual for Individual and Aops for Tax Year 2021
2. Fixation of Ex-mill Value of White Crystalline Sugar
3. Iesba Proposes Conforming Amendments to the Code Following Issuance of Iaasb’s Suite of Quality Management Standards

1. Fixation of Value of Steel in Respect of Locally Produced Goods
2. Imposition of Withholding Tax on Online Market Place Under Eleventh Schedule to the Sales Tax Act, 1990
3. New Staff Q&a: Public Sector Specific Financial Instruments Under Ipsas
4. Ipsasb Issues Exposure Draft (Ed) 80, Improvements to Ipsas, 2021

1. Secp s Cloud Adoption Guidelines for Incorporated Companies
2. FBR Takes Steps for Ease of Doing Business & Taxpayers Facilitation
3. Iasb Proposes Minor Amendment to Transition Requirements for Insurers Applying IFRS 17 and IFRS 9 for the First Time

1. Changes in Rates of Sales Tax Rates on Petroleum Products
2. Iasb Proposes Reduced Disclosure Requirements for Subsidiaries

1. Covid-19 Vaccination at the Workplace
2. Iaasb Public Consultation Opens for Proposed New Standard for Audits of Financial Statements of Less Complex Entities

1. Draft Amendments in Customs Rule, 1969 – Export Facilitation Scheme-2021

1. Changes in Rates of Sales Tax Rates on Petroleum Products

 1. INCOME TAX RETURN FORMS FOR SALARIED PERSONS, AOPS, BUSINESS INDIVIDUAL AND COMPANIES FOR TAX YEAR 2021