Circular No. 02 of 2023-24: Explanation of Important Amendments in Sales Tax Act 1990, ICT (Tax on Services) Ordinance, 2001 and Federal Excise Act, 2005 Through the Finance Act, 2023

The Finance Act, 2023 has brought about certain amendments in Sales Tax Act, 1990 (hereinafter referred to as “STA”), Federal Excise Act,2005 (hereinafter referred to as “FEA”) and Islamabad Capital Territory (Taxon Services) Ordinance, 2001 (hereinafter referred as `ICTO”). Significant amendments are explained hereunder. Changes are effective from Pt day of July, 2023.

Source: download1.fbr.gov.pk

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