VAT & SD Act 2012
Section 2 Clause 30 - Tax Period
(as updated till Finance Ordinance 2025)
“tax period” means-
(a) in relation to value added tax and supplementary duty, one month specified in the Gregorian Calendar; or
(b) in relation to turnover tax, quarterly period, ending on March 31, June 30, September 30 or December 31;
1[ (c) in relation to construction companies, suppliers and clearing and forwarding companies, the six-month period ending on June 30 or December 31; but, this provision shall not apply to any withholding entity. ]
1 Sub-clause (c) was inserted by section 2(c) of the Finance Ordinance, 2025 (Ordinance No. 28 of 2025), with effect from 01 July, 2025.
Disclaimer: This is the authentic English text of The Value Added Tax and Supplementary Duty Act 2012, as published under SRO No. 440-Law/2025/326-Mushak dated 05 November 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.