Pakistan has published the Finance Act, 2018, which received assent from the President on 22 May 2018. The Act provides for the implementation of the measures proposed as part of the 2018/2019 Budget, with some amendments. The main measures are summarized as follows:

Tax Rate Changes

Tax rate changes include:

• A reduction in the corporate tax rate from 30% to 29% for the 2018/19 tax year, …