The provincial assemblies of Punjab, Khyber Pakhtunkhwa, and Balochistan each approved their respective Finance Bills 2021 with certain amendments. Following the assent of the governors of each province, the measures have been enacted.
- In Punjab, there are changes to the sales tax regarding services and to the taxation of motor vehicles, among other measures.
- In Khyber Pakhtunkhwa, the amendments include an enhanced sales tax rate.
- In Balochistan, revisions were made to the sales tax on services and also regarding the stamp tax.
Source KPMG
Latest Posts in "Pakistan"
- FBR Raises Penalties for Digital Tax Non-Compliance and Fake Invoices
- Pakistan Extends Steel Tax Relief, Clarifies Consultancy Rates, and Expands Customs Duty Concessions
- Amendment to Sales Tax General Order for Steel Manufacturers’ Electricity Rate
- Pakistan Amends Sales Tax Rules, 2006 Under FBR Notification
- Pakistan Finance Act 2026 Expands Sales Tax, E-Invoicing Enforcement, and EV Relief
