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Dear Clients,This memorandum highlights the changes made by the Tax Laws (Second Amendment) Ordinance ,2021 which is applicable for tax year 2021. The Ordinance has been promulgated by the President of Pakistan on March 22, 2021 in exercise of the powers conferred under Article 89(1) of the...
This memorandum highlights the significant amendments made by the Tax Laws (Amendment) Ordinance ,2021 which is applicable for tax year 2021. The Ordinance has been promulgated by the President of Pakistan in exercise of the powers conferred under Article 89(1) of the Constitution of Islamic...
Dear All,Please note that new amendments is introduce by the SECP under Companies (General Provisions and Forms) Regulations, 2018 with effect from 18th September, 2020, in regulation 4, after serial No. 45, the following additions are made:-
As the impact of coronavirus (COVID-19) grows globally, it is clear we must all work together, and adapt to new ways of working, to meet this challenge.At BDO Pakistan, our priority is the health, safety and well-being of our Staffs, Clients, Partners and other stakeholders and all the...
PARTICULARSShort title, extent and commencementDefinitionsOrdinance to override other lawsApplicationCondition of declarationValue of assetsTime for payment of taxTax rates under this OrdinanceProcedure for payment of tax on foreign assets or foreign currencyIncorporation in book of...
Finance Supplementary (Second Amendment) Act, 2019This amendment has been prepared for our clients and staff for information and guidance only and is available for interested persons at our website http://www.bdo.com.pk. Clients are advised to consult the actual text of the Act while interpreting...
In 2013, the IASB started its Disclosure Initiative project in response to widespread observations that the quality of disclosures in financial statements prepared in accordance with IFRS could be improved. The IASB’s project has evolved during the four year period to date, and has become a...
The development of a new leases standard was originally a joint project between the IASB and FASB, and though they will not issue converged standards, both will bring leases on balance sheet for lessees. IFRS 16 removes the distinction between operating (“off balance sheet”) and finance (“on...
Finance Supplementary (Second Amendment) Bill, 2019This amendment has been prepared for our clients and staff for information and guidance only and is available for interested persons at our website http://www.bdo.com.pk.Clients are advised to consult the actual text of the Bill while...