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Here you will find a selection of the latest news articles from Moore Stephens member firms

 

Memorandum on the Companies Act, 2017

29-Apr-2018
Income Tax Withholding Chart; Tax Year 2019

Income Tax Withholding Chart; Tax Year 2017

08-Jun-2017
Service Tax Memorandum 2017

Service Tax Memorandum 2017

28-May-2017
Tax Memorandum 2017

Tax Memorandum 2017

17-Nov-2016
4 Cases; Update on WWF

WWF; Tax or Fee; Supreme Court Decision; KESC; WWF is Fee; Nov. 10, 2016

WWF; Tax or Fee; PHC; Associated Industries Ltd.; WWF is Fee; May 29, 2014

WWF; Tax or Fee; SHC; Shahbaz Garments (Pvt.) Ltd.; WWF is Tax; Mar. 01, 2013

WWF; Tax or Fee; LHC; EPCT (Pvt.) Ltd; WWF is Fee; Jun. 03, 2011.pdf

16-Nov-2016
Update on WWF; 2016

Supreme Court of Pakistan has ruled that WWF is not a Tax. Hence the changes made in WWF Law in the Year 2006 and 2008 are illegal ab initio. (SC Civil Appeal 1049 of 2011; Nov. 10, 2016) BACKGROUND of WWF Issue in Supreme Court Case The Finance Acts of 2006 and 2008 expanded the scope of the WWF Ordinance 1971 (WWF Ordinance) whereby the term ‘Industrial Establishment’ was broadened to include establishments covered under the West Pakistan Shops and Establishment Ordinance, 1969 as well. The amendment, therefore, made all the commercial establishments and the service sector companies to pay for WWF besides the Manufacturing and Industrial Undertakings. 

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28-Sep-2016
Suit against dis-allowance of service tax

Suit against disallowance of service tax

02-Sep-2016
Subject-Wise Income Tax Withholding Chart; Tax Year 2017

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02-Sep-2016
Tax Laws (Amendment) Ordinance 2016

ORDINANCE Further to amend certain tax laws WHEREAS it is expedient further to amend certain tax laws for the purposes hereinafter appearing; AND WHEREAS the Senate and the National Assembly are not in session and President is satisfied that circumstances exit which render it necessary to take immediate action. 

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Shekha & Mufti

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