What changed in the Finance Act on 2024-06-30

Between the version published 2023-06-30 and the one published 2024-06-30, 11 sections appeared for the first time.

Reading this in plain terms: a section appearing for the first time usually means Parliament inserted a new provision. A section disappearing usually means it was omitted. Neither is certain from the text alone, so treat this as a guide to what to check rather than as proof.

New in this version

• section 6: Amendment of the Abandoned Properties (Management) Act, 1975 (XX of 1975)
• section 7: Amendments of the Sales Tax Act, 1990
• section 8: Amendments of The Income Tax Ordinance, 2001 (XLIX of 2001)
• section 9: Amendments of the Federal Excise Act, 2005
• section 10: Amendments of The Federal Board of Revenue Act, 2007 (IV of 2007)
• section 11: Amendment of the Public Finance Management Act, 2019
• section 11E: Assessment of tax and recovery of tax not levied or short levied or erroneously refunded
• section 11F: Failure to withhold sales tax
• section 11G: Limitation for assessment
• section 12: Amendments of the Finance Act, 2022 (XIII of 2022)
• section 191B: Prosecution for non-registration

How to check this yourself

Open the 2024-06-30 version in full and compare against the earlier one. Both carry a link to their official FBR PDF and a SHA-256 checksum, so you can verify either against the source.

This is information, not legal or tax advice.