Tax Memorandum 2015 RHCO

Tax Memorandum 2015

FEDERAL BUDGET 2015-2016

Rafqat Hussain & Co.
Chartered Accountants

Head Office:

Islamabad Office:

81 Abu Bakar Block, Garden Town,
Lahore-Pakistan
T: [phone], 35440481-2
F: [phone]
E-mail: [e-mail]
URL: www.rafqat.com

No 57, Street No 68, G9/3
Islamabad-Pakistan
E-mail: [e-mail]
URL: www.rafqat.com

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Website: www.rafqat.com

Email: [e-mail]

Tax Memorandum 2015

WITH COMPLIMENTS
To our Clients and Associates
We are pleased to summarize the important changes proposed in Finance Bill 2015, relating to
Income Tax, Sales Tax, Federal Excise Duty, Customs Duty and Other Laws. For considering the precise impact of a particular change, reference should be made to the specific wordings in the relevant statute.
All changes through the Finance Bill 2015 are effective July 1, 2015, except for the amendments specified hereinafter in this memorandum. Effective dates of amendments through various notifications are also identified in the memorandum.
The memorandum contains the comments, which represent our interpretation of the legislation and we, recommend that while considering their application to any particular case, reference should be made to specific wordings of the relevant statues.
The proposals introduced in the Bill have to be approved by the National Assembly before they become effective. They should, therefore, not generally be acted upon without obtaining appropriate advice. The memorandum can also be accessed on our website www.rafqat.com
If you require any information or have queries with regard to the proposed amendments in the Finance
Bill 2015, please feel free to contact us.

Rafqat Hussain & Co.
Chartered Accountants
June 05, 2015
Lahore

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Website: www.rafqat.com

Email: [e-mail]

Tax Memorandum 2015

Page Number

Budget at a Galance

4

Budget Highlights

5-7

- Income Tax
- Sales Tax
- Islamabad Capital Territory (Tax on Services)
- Federal Excise Duty

Significant