ISLAMABAD: Pakistan on Monday implemented new amendments to laws of both direct and indirect taxes to generate more revenue during the current fiscal year.
The tax laws have been implemented after Dr. Arif Alvi, the president of Pakistan, signed the Tax Laws (Second Amendment) Ordinance, 2022.
The president gave the approval to the Ordinance on the advice of the prime minister under the Article 89(1) of the Constitution.
Under the Ordinance, the amendments have been made in Sales Tax Act 1990, Income Tax Ordinance 2001, Federal Excise Act 2005 and Finance Act 2022.
