Technical Updates

1. EXEMPTION OF TAXES ON IMPORT OF RAW & WHITE SUGAR

1. EXEMPTION OF WHT ON IMPORT OF 3,000 MT OF WHEAT
2. AMENDMENT IN S.R.O 1190(I)/2019
3. EXEMPTION ON THE IMPORT OF CRYOGENIC TANKS (FOR OXYGEN GAS)
4. AMENDMENTS  IN  SALES  TAX  RULES,  2006 –INSERTION  OF  NEW  CHAPTER “SUPPLY FROM TAX EXEMPT AREAS”
5. UK  FRC  &  IESBA  JOINTLY  ISSUE  STAFF  GUIDANCE  TO  HIGHLIGHT  THE  ETHICAL AND AUDITING IMPLICATIONS ARISING FROM GOVERNMENT-BACKED COVID-19 BUSINESS SUPPORT SCHEMES
 

1. IPSASB ISSUES TWO LEASES-RELATED PUBLICATIONS FOR PUBLIC COMMENT
2. IESBA  UNDERLINES  IMPORTANCE  OF  OBJECTIVITY  FOR  ENGAGEMENT  QUALITY REVIEWERS   AND   OTHER   APPROPRIATE   REVIEWERS   THROUGH   ENHANCED GUIDANCE
 

1. GROWTH   RATE   SCENARIOS   FOR   LIFE   INSURANCE   AND   FAMILY   TAKAFUL ILLUSTRATIONS —2021
2. IMPORT AND EXPORT OF E-COMMERCE RULES
3. INSERTION  OF  RULE  34B  IN  RESPECT  OF  TAXPAYERS  PROFILE  IN  INCOME  TAX RULES, 2002
 

1. CONSTITUTION OF COMMITTEES BY FBR
2. FORFEITURE OF PROPERTY RULES
3. TRANSSHIPMENT  OF  IMPORTED  CARGO  FROM  GATEWAY  PORT  TO  FOREIGN PORT
4. AMENDMENT TO CUSTOMS RULES, 2001 -BANK GUARANTEE ENCASHABLE FOR BREACH OF RULES
5. AMENDMENT IN  CUSTOMS  RULES,  2001–ADDITION  OF  PROVISO  IN  RULE  300 “GRANT OF DTRE APPROVAL”
 

1.AMENDMENT IN SALES TAX RULES, 2006–SUBSTITUTION OF EXPRESSIONS
2.CHIEF COMMISSIONER AS INLAND REVENUE OMBUDSPERSON  


 

 1. REMOVAL OF REGULATORY DUTY ON IMPORT OF COTTON YARN TILL JUNE 30, 2021

 1. DRAFT AMENDMENTS IN INCOME TAX RULES, 2002 REGARDING TAXPAYER PROFILE

 1. SIMPLIFIED INCOME TAX RETURN FOR MANUFACTURERS HAVING TURNOVER LESS THAN RS. 500 MILLIONS

 1. SECP APPROVES FRAMEWORK FOR DIGITAL ONBOARDING OF INVESTORS