Web.pk

Tax Incentives for Investment in Pakistan

By Abdul Hadi — Published on 08/08/2016
ADVERTISEMENT
CONTINUE READING BELOW

Each modern country has a special tax code aimed to incentivize or encourage any particular economic activity in the country. Two common types of tax incentives are individual incentives and corporate tax incentives. Individual incentives are special incentives dedicated for individuals and include exemptions, deductions, and tax credits. These can be in the shape of individual retirement account, mortgage interest deduction, and hybrid tax credit. On the other hand, corporate tax incentives cam be raised at local, state and federal government levels.

ADVERTISEMENT
CONTINUE READING BELOW

The objective of this article is to provide information concerning tax incentive and other regulatory exemptions available to investors in Pakistan under various schemes. This article by no means can substitute detailed analysis.

1. Exemptions to Export Processing Zone

  • Reduced Rate of Income Tax For Exporter In Export Processing Zone
  • Exemption of Income Tax to Industrial Undertaking in Gawadar
  • Exemption of Custom Duty on Import of Capital Assets & Other Material
  • Exemption of Custome Duty & Other Taxes on Export Good from Zone
  • Zero Rated States to Supplies of Raw Material
  • Zero Rated Statues to Supply of Locally Manufactured Plant & Machinery
  • Exemption from Foreign Exchange Regulations Act, 1947
  • Exemption from Insurance Act, 1938
  • Exemption From Capital Gain Tax to Industrial Undertaking
  • Exemption from Labor Laws

2. Exemption to Special Economic Zone

ADVERTISEMENT
CONTINUE READING BELOW
  • Exemption from Custom Duty on Import of Plant & Machinery
  • Exemption from Income Tax

3. Exemption from Income Tax to Industrial Undertakings

  • Exemption to Electric Power Generation Project
  • Exemption to0 Industrial Undertaking in KPK & Balochsitan Province
  • Exemption to Industrial Undertaking Engaged in Halal Meat Production unit
  • Exemption to Cellular Companies
  • Exemption to LNG Terminal Operator
  • Exemption to Coal Mining Project
  • Exemption to Transformation Line Project
  • Exemption to Manufacturer of Capital Asset for Generation of Renewable Energy

4. Exemption Through 100% Tax Credit From Tax Liability

  • Income Tax Credit for Newly Established Industrial Undertakings
  • Tax Credit for Industrial Undertaking Investing in Capital Asset Through Equity Financing

For further information, read:

Existing Tax Regime is Facilitating Investments in Pakistan

Tax Reductions, Rebates and Credits by Federal Board of Revenue

About Author

Written by
Abdul Hady is a content expert on topics related to the dynamic and ever-changing entertainment and technology industries. He becomes an expert in multimedia content development and distribution because of his dedication to researching how these two rapid markets overlap.

Popular Articles

Funny and Cute Nicknames for Friends in Urdu 2024
ADVERTISEMENT CONTINUE READING BELOWIn Pakistan, it is observed that on a birth of baby there…
23 Jul 2015
Sui Gas Bill Duplicate – View Online Sui Gas Bill of SSGC & SNGC
ADVERTISEMENT CONTINUE READING BELOWThe Sui gas system in Pakistan is distributed into two companies namely…
18 Apr 2016
Top 60 Pakistani Clothing Brands
ADVERTISEMENT CONTINUE READING BELOWWant to figure out the top 60 in Pakistan in 2023? Can…
28 Feb 2017
PTCL DSL/Wireless Router Settings with IP – Username & Password
ADVERTISEMENT CONTINUE READING BELOWLots of new user face problems and difficulty in configuring their modems…
25 Feb 2013
Download Pakistani Dramas – Websites List
ADVERTISEMENT CONTINUE READING BELOW 1.Youtube.com Using Video Downloader Tools: If you prefer to download Pakistani…
31 Aug 2015
Traditional Mehndi & Dholki Songs List With Lyrics 2024
ADVERTISEMENT CONTINUE READING BELOWPakistani wedding is incomplete without different traditions like Mehndi, , Jaga. These…
14 Nov 2013
MOFA Attestation Requirements, Procedure & Process
ADVERTISEMENT CONTINUE READING BELOWThose who want to attest documents from ministry of foreign affairs should…
16 Mar 2015
How to Share Internet Volume from Zong to Zong
ADVERTISEMENT CONTINUE READING BELOWNow you can transfer internet data from your Zong number to another…
13 Aug 2016
Telefilm “Left Right Left ” Cast & Story
ADVERTISEMENT CONTINUE READING BELOWTelefilms on special occasions like Eid ul Fitr and Eid ul Adha…
2 Jul 2019
50 WhatsApp Group Names in Urdu
ADVERTISEMENT CONTINUE READING BELOWWhatsApp ground name has become a very hot topic these days. People…
31 Dec 2015
How To Open Blocked Sites In Pakistan Without Any Software
ADVERTISEMENT CONTINUE READING BELOWAlthough YouTube got a green signal by Government of Pakistan and Pakistan…
16 Oct 2016
Vehicle Registration Number Plates In Pakistan: Comprehensive Guide
ADVERTISEMENT CONTINUE READING BELOWRegistration of vehicles or vehicle registration plates of motor vehicles in Pakistan…
24 May 2016