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Excessive tax deducted from non-filers: law may be amended to allow adjustment

To practically facilitate the non-filers and encourage documentation, Section 169 of the Income Tax Ordinance, 2001 has been proposed to be amended through Finance Bill 2016 to allow adjustment of excessive tax deducted from non-filers.

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Investors discouraged: NEPRA proposes cut in solar, wind power tariffs

Islamabad

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Cross-adjustment of input tax

Provinces can also review corresponding provisions: FBR

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Proposed Benami Act Provisions not apply to deals made in names of spouses, kin: FBR

The provisions of the proposed Benami Transaction (Prohibition) Act, 2016 will not apply to any transaction entered into by an individual in the name of his spouse, brother or sister, or any lineal ascendant or descendant.

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Renewable energy: SBP revises financing scheme

The State Bank of Pakistan (SBP) has announced revision in financing scheme for renewable energy aimed at facilitating borrowers and banks/DFIs.

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38 amendments introduced to Finance Act

Islamabad

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Insight

DIFC Collective Investments Funds Regime – Regulated by the DFSA

Overview: Dubai International Financial Centre - Collective Investments Funds Regime

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What are the key laws and regulations that govern mergers and acquisitions in your jurisdiction?

Mergers and acquisitions in Pakistan are primarily governed by… Use the “Download page as PDF” button on the right to download our PDF guide written by Bilal Shaukat and published by LexisNexis.

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Competition Law in Pakistan and Asia-Pacific

Pakistan

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