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Feb 24, 2023

Judgments - IT SRO 213 & Import SRO 215 - Misc

1.     SC Order [CP 3825 -22] 16-2-2023 Super Tax – Sec 4C ITO – 4pc Tax Rate


2.     LHC Order [WP 519 -23] 13-2-2023 Sec 4E ITO – WP 52559 -22 – Taxes on Capital Value of Assets – Next Hearing 7-3-2023


3.     Finance Supplementary Act, 2023
https://fbr.gov.pk/Downloads/?id=88440&Type=Docs

4.     IT SRO 213 of 2023 7th Sch ITO – Rule 8(4) – Exemption on Profit on Debt by Non Resident Banking Companies
https://fbr.gov.pk/Downloads/?id=17250&Type=SROs

5.     Import SRO 215 of 2023 Import of upto 5-year-old Tractors with duty reduction under the Kissan Package-2022
 
6.     ADB MISSION DISCUSSES DOMESTIC RESOURCE MOBILIZATION (DRM) PROGRAM WITH CHAIRMAN FBR
 
The Asian Development Bank (ADB) Mission headed by Mr. Asad Aleem, Deputy Country Director, ADB, met Mr. Asim Ahmad, Chairman Federal Board of Revenue on Thursday at FBR Headquarters. He was accompanied by Mr. Yuji Miyaki, Public Management Specialist (Taxation) and Ms. Farzana Noshab, Senior Economist of ADB.
Both sides discussed the progress on the Domestic Resource Mobilization (DRM) Program to support the resource mobilization initiatives of the Government for promoting an inclusive and evidence based institutional framework for tax policy, administration, digital transformation and automation.
The policy actions were thoroughly reviewed in the meeting.  It was agreed that the FBR was on track to achieve the targets of the Program and both sides will continue to work towards identifying further areas of cooperation.

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