4×4 electric motor vehicles allowed duty, tax concessions

ISLAMABAD: The recently promulgated Tax Laws (Amendment) Ordinance, 2021 has granted concessions to 4×4 electric motor vehicles on import of units in both Completely Built Up (CBU) and Completely Knocked Down (CKD) conditions. The federal cabinet recently allowed duty and tax concessions to 4×4 electric vehicles. Earlier the concession was available to two-wheelers and three-wheelers […]

by Mrs. Anjum Shahnawaz

Sportsmen allowed tax holiday on temporary import

ISLAMABAD: Sportsmen – participating in an international event – have been allowed tax holiday o import of professional and technical apparatus with condition of re-export of those things within stipulated time period. Sources in Federal Board of Revenue (FBR) on Tuesday said that the exemption from income tax, sales tax and customs duty has been […]

by Mrs. Anjum Shahnawaz

Tax exemption granted to transmission line projects set up till June 2022

ISLAMABAD: A time period for setting up transmission line projects has been extended for four years up to June 30, 2022 in order to allow 10-year tax exemption on profit and gains derived by a taxpayer from such projects. The amendment has been made to clause 126M of Second Schedule to Income Tax Ordinance, 2001 […]

by Mrs. Anjum Shahnawaz