Post Finance Act 2022 Session on “personal Tax’’, held on July 7, 2022, in in continuation to the first session on corporate tax rates. The aim of this webinar is to educate members on the significant changes/ new levies and their impact being implemented on Individual Taxation, under the Finance Act 2022-2023. This was a hybrid session, attended by more than 62 representatives of member companies virtually/ in person.

M Abdul Aleem, CE/Secretary General, OICCI welcomed all participants in this informative session, as there has been lots of changes have been made by the government in term of individual/ Personal Taxation under the Finance Act 2022. Mr Mohammad Amin and Mr Adnan Amin, from Engro Corporation made the presentation on Personal tax during the session. The presentation covered the broad areas on revision in slabs rates for salaried individuals, withdrawal of tax credit/ deductible allowances, changes in taxation of capital assets and other key updates impacting individuals i.e. Super tax introduced for taxpayers, definition of resident persons etc.

The session was very candid and informative. It was well received by all participants followed by question – answers. The participants opined that it was a very timely needed session as it helped in clarity on various new implementations made in the Finance Act 2022. The session ended with vote of thanks to OICCI.