Pakistan has reportedly enacted the Finance Bill 2017 as the Finance Act 2017. The Finance Act includes measures proposed in the Budget 2017/18 ({News-2017-06-02/P/3-previous coverage}), including certain changes and additional measures:
- The introduction of an online marketplace concept, which is an IT platform run be an e-commerce entity to facilitate transactions between buyers and sellers - such online marketplaces are eligible for a 0.5% minimum tax instead of 1.25% and the rate of colle…