Latest Updates

Asif Associates Chartered Accountants has successfully done the role of lead consultant for Joint Venture of M/S Easyway and M/S Norinco for the execution of a project Railway automated booking and travel assistance (RABTA) and got the partnership agreement signed on 11 November 2021.”

Important Websites Links

https://www.icap.org.pk/

https://www.fbr.gov.pk/

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http://pra.punjab.gov.pk/

http://www.srb.gos.pk/home/index.jsp

https://kpra.kp.gov.pk/

https://bra.gob.pk/

http://www.sbp.org.pk/

https://www.secp.gov.pk/

https://www.cc.gov.pk/index.php?lang=en

https://invest.gov.pk/home

Accounting & Audit Affairs

ICAP Published ‘Preparation of Financial Statements under the COVID-19 Circumstances’

ICAP Published ‘The Impact of COVID-19 on Audit – A Guidance for Auditors’

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Relief from requirements contained in IFRS 9

Change in the Effective Date of IFRS-9

Notification Auditors (Reporting Obligations) Regulations 2018

Taxation Affairs

The Tax Laws (Amendment) Ordinance No.1 of 2020

Correspondence during COVID-19 outbreak

Exemption for Commission Under the Ehsas Emergency Cash Transfer Programme

Exemption of Income Tax under Ehsaas Emergency Cash Transfer Programme

Removal of brand specification in respect of certain goods being imported for the prevention and treatment of COVID-19

Sales Tax exemption to Fight COVID-19

Exemption from Income Tax to the PM COVID-19 Pandemic Relief Fund-2020

The Tax Laws (Amendment) Act, 2020dated 30.03.2020 which has been published in the Gazette of Pakistan

Fighting COVID-19: Tax relief package for affected sectors

Amendment in Second Schedule of the Income Tax Ordinance, 2001 regarding out-break of COVID-19

Exemption of Sales Tax on medical and testing equipment regarding out-break of COVID-19

Exemption of Customs duty, Regulatory duty and additional Customs duty on medical and testing equipment regarding out-break of COVID-19

Corporate Affairs

Preventive Measures against COVID-19

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Relaxation from Certain Provisions of NBFC and Notified Entities Regulations 2008 & Circulars due to COVID-19

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Regulatory Relief for Corporate Sector to Dilute COVID-19 impact

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Relaxation from certain provisions of Companies Act, 2017 due to CoVID-19.

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Coronavirus contingency planning for annual general meetings of shareholders.

General

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Measures by State Bank of Pakistan to counter COVID-19