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Budget Brief 2008

The Budget Brief 2008 contains a review of economic scenario and highlights of Finance Bill 2008 as they relate to direct and indirect taxes and certain corporate and other laws.

The provisions of the Finance Bill 2008 are generally applicable from 01 July 2008, unless otherwise specified.

The Budget Brief contains the comments, which represent our interpretation of the legislation, and we recommend that while considering their application to any particular case, reference be made to the specific wordings of the relevant statutes.

Contents

 

1.  Budget at a Glance (20 KB)

2.  Economic Analysis (16 KB)

3.  Economic Scenario (68 KB)

4.  Highlights (Income Tax, Customs, Sales Tax, Federal Excise and      Miscellaneous) (47 KB)

5.  Income Tax (211 KB)

6.  Sales Tax (63 KB)

7.  Federal Excise Duty (55 KB)

8.  Customs (54 KB)

9.  Capital Value Tax (23 KB)

10. Workers' Welfare Fund (26 KB)

11. Petroleum Products (Development Surcharge) (13 KB)

12. Labour Laws (17 KB)

13. Corporate Laws (58 KB)
 
     
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