TAX LAWS SECOND AMENDMENT ORDINANCE 2021
30 March 2021
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 Constitution of Islamic Republic of Pakistan.
The Ordinance has withdrawn various income tax exemptions and concessions with immediate effect.