Tax exemption to LNG Terminals costs Rs732 million

ISLAMABAD: Federal Board of Revenue (FBR) has granted exemption of Rs732 million to LNG Terminal Operators and Terminal Owners during tax year 2020.

According to official documents made available to PkRevenue.com, the FBR allowed the exemption to two taxpayers engaged in LNG Terminal Operators and Terminal Owners.

The exemption is available from total income under Clause 141 of Part 1 of Second Schedule, Income Tax Ordinance, 2001.

The FBR said that profit and gains derived by LNG Terminal Operators and Terminal Owners are exempt under the income tax laws.

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