Technical Updates

1. EXTENSION IN DATE OF SUBMISSION OF ANNEX-C, PAYMENT AND FILING OF SALES TAX AND FEDERAL EXCISE RETURN FOR THE TAX PERIOD OF DECEMBER, 2021
2. DEADLINE FOR EXCHANGE OF OLD DESIGN BANKNOTES EXTENDED UP TILL 31ST DECEMBER, 2022

1. EXTENSION IN DEADLINE STIPULATED UNDER SECTION 21(lA) OF THE INCOME TAX ORDINANCE, 2001
2. CHANGES IN RATES OF SALES TAX RATES ON PETROLEUM PRODUCTS
3. LICENSING AND REGULATORY FRAMEWORK FOR DIGITAL BANKS

1. IPSASB ANNOUNCES EIS, A DIGITAL PLATFORM TO NAVIGATE INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS)
2. AMENDMENTS TO THE ASSOCIATIONS WITH CHARITABLE AND NOT FOR PROFIT OBJECTS REGULATIONS, 2018

1. EXTENSION IN DEADLINE STIPULATED UNDER SECTION 21(LA) OF THE INCOME TAX ORDINANCE, 2001
2. AMENDMENTS IN THE NON-BANKING FINANCE COMPANIES AND NOTIFIED ENTITIES REGULATIONS, 2008
3. DISCLAIMER ON USE OF NAME AND LOGO OF BANK/ SPONSOR BY ASSET MANAGEMENT COMPANIES
4. CRITERIA FOR INVESTING IN EQUITY SECURITIES BY COLLECTIVE INVESTMENT SCHEMES (CIS)

1. WAIVER OF PENAL SURCHARGE
2. AMENDMENTS IN THE NON-BANKING FINANCE COMPANIES AND NOTIFIED ENTITIES REGULATIONS, 2008

1. MANDATORY CERTIFICATION FOR THE PROFESSIONALS OF CAPITAL MARKET
2. REGULATORY FRAMEWORK FOR ACCOUNT OPENING BY AMCS

1. EXTENSION IN LAST DATE FOR ENCASHMENT/CONVERSION/REDEMPTION OF RS. 40,000/-, RS. 25,000/- & RS. 15,000/- DENOMINATION NATIONAL PRIZE BONDS (NPBS) WITHDRAWN FROM CIRCULATION
2. SALES AND MARKETING INCENTIVE FOR SMALL TICKET INSURANCE POLICIES UNDER CLAUSE 13(1) OF THE CORPORATE INSURANCE AGENTS REGULATIONS, 2020
3. POLICY TO BE PREPARED AT BOARD LEVEL FOR GENDER DIVERSITY BY THE INSURANCE COMPANIES

1. COLLECTION OF DUTY & TAXES ON 29 & 30TH SEPTEMBER, 2021
2. PARTIAL EXEMPTION OF IFRS-9 (FINANCIAL INSTRUMENTS)
3. FIRST-TIME IMPLEMENTATION GUIDE FOR ISQM 1 UPDATED AND REISSUED

1. SBP INTRODUCES INNOVATIVE SME ASAAN FINANCE SCHEME (SAAF) FOR LENDING TO SMES WITHOUT COLLATERAL

2. AMENDMENT IN SECTION 122 OF THE INCOME TAX ORDINANCE, 2001 - FINANCE ACT, 2021

1. Draft Income Tax Return Forms Manual for Individual and Aops for Tax Year 2021
2. Fixation of Ex-mill Value of White Crystalline Sugar
3. Iesba Proposes Conforming Amendments to the Code Following Issuance of Iaasb’s Suite of Quality Management Standards