The federal govt. has decided to introduce more tax concessions for industrialists and businesses in the Finance Bill before final voting on it by the national assembly aimed at soothing some unnerved lobbies and reversing some aggressive taxation measures. In a major concession, that will also kill the spirit of documentation, the govt. has now decided that the maximum disallowance of expenses to an industrial undertaking attributable to sales made to an unregistered person will be 10% instead of 20%.
29/6/2020