Tag Archives: exemption

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.

Chinese companies allowed sales tax, customs duty exemption on import of construction machinery

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ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday allowed sales tax and customs duty exemption on import of equipment and construction machinery by Chinese companies for undertaking projects under China Pakistan Economic Corridor (CPEC).

ECC allows duty, tax exemption for CPEC related motorway project

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ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday allowed exemption from duty and taxes to a motorway project related to China Pakistan Economic Corridor (CPEC).

FBR withdraws customs duty exemption on import of textile machinery, equipment; allowed in fifth schedule

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KARACHI: The Federal Board of Revenue (FBR) has withdrawn a notification allowing exemption from whole of customs duty on import of machinery and equipment by textile industry.

Withholding tax to be applied on commission paid on agricultural produce

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KARACHI: The Federal Board of Revenue (FBR) has said that withholding tax to be deducted on commission paid at the time of agriculture produce sale.