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Federal Budget 2014-2015

Highlights & Comments




                       This memorandum contains an economic review, highlights of fiscal proposals and explanatory description of the significant changes in the Income Tax, Sales Tax, Federal Excise and Customs Duty laws proposed through the Finance Bill, 2014. It also includes Withholding Tax Guide which summarises the withholding tax provisions for quick reference.

                     The memorandum is aimed at providing general guidance with the objective of keeping our clients and staff abreast of the changes in the aforementioned laws. The users are therefore advised to seek professional advice before exercising any judgment, interpretation of any legal provision and acting thereupon.The Firm accepts no responsibility for any action taken (or not taken) as a result of the information contained in this document.