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22 July 2025
Author: Asif S Kasbati (FCA, FCMA & LLB)
I. High Level professional : Kasbati's Quick Updating & Tax Commentary Services Mr Najeeb Moochala
II. Subscriber : Comment by Mr Hanif Idrees (FCA & FCMA, DHL Director) on Quick Tax Commentary Services
A. Background
1. This refers to the Important in trail, blue, italic and after double line (a) 3200 of 14.7.25 about Budget 2025-26: Yousuf Adil Comments on 4 Provincial Finance Bills (b) 3194 of 10.7.25 about Budget 2025-26: KPMG Comments on Finance Act (c) 3182 of 28.6.25 about Budget 2025-26: AFF Comments on Finance Act (b) 3171 of 20.6.25 about KP Budget 2025-26: AFF's Tax Memorandum
2. We also refer to several Other TLQC including (a) 3170 of 19.6.25 about KP Budget 2025-26: Several Documents (b) 3166 of 19.6.25 KP Budget 2025-26: Finance Bill/s
B. Updated Commentary
Further to KQU 3473 of 21.6.25, being an important matter, we would inform you about KPK Finance Act 2025 Gazette (Attachment 3209.1) having 62 pages. Also refer to para C & D.
C. Kasbati Workshop
Workshop | Date | Flyer | Registration | For details TLQC |
6 Finance Acts' 530+ Changes* | 29 & 30 July 2025 | 3205 | ||
300+ Changes One Day Workshop** | 31-Jul-25 |
| ||
Sindh Sales Tax due to 50+ changes (including of basic principles) | 9 August 2025 | 3191 |
* Even if you have attended any Post Budget or Post Finance Act Seminar and Conference, it is important to have an In-depth Study Six Finance Acts' 525+ Changes by yourself independently OR by attending Workshop on 22th & 24th July 2025 owing to several changes in Federal & Provincial Laws, the details thereof are in trail. Please register urgently due to limited seats.
** It is highly recommended to attend “One Day Finance Act Workshop for Quick Understanding over 300+ amendments” on 29 July 2025, even if you have attended Seminar/s & Conference/s. The reasons for the same are covered in the short clip here by Mr Asif Kasbati, FCA, FCMA & LLB (if you could not Spare time, etc for "Two Days in-depth Study 6 Finance Acts 550+ Amendments Workshop on 22 & 24 July 2025" as per our details sent via separate email).
D. Kasbati & Co Views & Recommendations
It is unusual that though KP Finance Act was passed by KPK parliament on 23.6.25, however, it is assented to by the KPK Governor on 3.7.25 and published on 8.7.25 as an Act of the KPK Provincial Legislature. Hence, hence there may be issues as to its applicability date from 1.7.25 OR 3.725 OR 8.7.25 or issued at large at about 19.7.25.
It is worthwhile to note instead of referring to KPK Finance Bill and Commentaries thereon, it is always better to refer to the Gazette version and attend Workshop as per para C. Also get advice on all major matters to avoid pitfalls.
Should you require any clarification or explanations in respect of the above or otherwise, please feel free to email us.
Best regards for Here & Hereafter
Asif S Kasbati (FCA, FCMA & LLB)
Managing Partner
Kasbati & Co (1400+ Tax, Levies, Companies, Economy, Inflation, HR, Banking, Finance, etc
Quick Commentary Service Provider and High Level 440+ Tax & Levies Laws Consultants)
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