All foreign exchange transactions were governed by the Exchange Control Act, No. 24 of 1953 and regulations and directives issued under such Act. On 25 July 2017, the Parliament passed the Foreign Exchange Act. This new Act which is yet to receive the certification of the Speaker has been analysed by us based on the Foreign…
Foreign Exchange Bill passed in Parliament 2017-07-25 The amended Foreign Exchange Bill was passed in Parliament with a majority of 78 votes.
KPMG – Slide deck on followings; Imposition of Income Tax Income from business Concessions Tax avoidance provisions Amendments to transfer pricing provisions EY – Slide deck on followings; Losses Qualifying payment Withholding taxes Investment income and capital gains taxation Tax exemptions Tax rates Assessment and Appeal Procedure Authorized representative PWC – Slide deck on followings;…