Tag Archives: exemption

FBR allows exemptions and concessions on solar panels import

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ISLAMABAD: Federal Board of Revenue (FBR) has allowed exemptions and concessions on import of solar panels by deleting it from the list of locally manufactured items.

FBR exempts additional customs duty on warehoused imported goods

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ISLAMABAD: Federal Board of Revenue (FBR) has exempted the additional customs duty leviable as surcharge as is in excess of 0.25 percent of the value on the imported goods warehoused under the Safe Transportation Scheme in terms of Customs General Order (CGO) 12 of 2002.

IT startup businesses exempted from income tax for three years

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KARACHI: The government has introduced the concept of startup business for promotion of technology driven products and services and allowed income tax exemption for such activities for initial three years.

Tax exemption, concessions increase to Rs415.75bn

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KARACHI: Tax exemption and concession have been increased to Rs415.75 billion in the fiscal year 2016/2017 as compared with Rs394.59 billion, showing 5.36 percent increase.

ECC allows tax exemption to JICA loan for transmission line project

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ISLAMABAD: The Economic Coordination Committee (ECC) has approved exemption to Japan International Cooperation Agency (JICA) from all levies and taxes for the loan extended by the Government of Japan / JICA on concessionary terms, amounting to JPY 2.665 billion (equivalent to US$ 26 million approximately), for the Islamabad – Burhan Transmission Line Reinforcement Project.

FBR exempts income tax on import of equipment for CPEC rail mass transit projects

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ISLAMABAD: Federal Board of Revenue (FBR) has exempted withholding income tax on import of equipment to be used for rail based mass transit projects under China Pakistan Economic Corridor (CPEC).

FBR exempts customs duty under export package

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ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday exempted the customs duty on import of material imported by textile industry. The exemption has been granted under the export package announced by the Prime Minister on January 10, 2017.

Sindh government exempts sales tax on cable TV operators

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KARACHI: Sindh government has exempted the levy of sales tax on services provided or rendered by Cable TV Operator, who are classified under tariff heading 9819.9000 of the Second Schedule to Sindh Sales Tax on Services Act, 2011.

FBR grants approval to tax free import of security vehicles

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ISLAMABAD: Federal Board of Revenue (FBR) has granted exemption from levy of income tax and sales tax to import of security and armored vehicles for the visit of foreign dignitaries.

Sales tax exemption allowed to services rendered by marriage halls on 800 square yards

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KARACHI: Sindh Revenue Board (SRB) has exempted sales tax services on marriage halls which are located on plots measuring 800 square yards or less.