Deductible allowance for wwf & wppf paid to provinces Section 60(A)
Deductible allowance for wwf & wppf paid to provinces Section 60(A): Before enactment of 18th Constitutional Amendment, WWF and WPPF laws were under the jurisdiction of Federation and accordingly, FBR was the authority to collect contributions to WWF & WPPF. Accordingly, tax payers were allowed a deductible allowance against its taxable income.
Then pursuant to 18th Amendment, the jurisdiction to govern, enforce WWF & WPPF was transferred to provinces. Now, therefore, Bill seeks to propose that WWF paid to provincial authorities by taxpayer shall also be allowed as deductible allowance.
The said change is applicable for such companies which are operating in a single province, however, if a
company is operating in multiple provinces, then such deduction is not yet allowed. The said matter is yet to be resolved
For more information on FBR’s new regulations / circulars/ SROs/ amendments in taxation laws in Pakistan please visit https://www.fbr.gov.pk/