(B) Mineral Sector:
(C) Thar Coal Field: Exemption of customs duty and sales tax on import of coal mining machinery, equipment materials, spares and vehicles for site use. Exemption from Income Tax on profits & gains of Coal mining projects.
(D) Renewable Energy:
Exemption of CD on
(E) Energy Projects:
First Year Depreciation Allowance of 90% of
(F) Oil Exploration and Production Sector:
SRO 678(I)2004 provides
(G)Temporary Importation Scheme: Exemption of customs duty and sales tax on Materials, components & accessories. Prior authorization not required. Transfer of ownership allowed
(H) Exemption of Interest Income:
Exemption of interest on
(I) Head office expenditure: Head office expenditure is allowed to non-resident operating through a branch in Pakistan.
A) Investment Incentives for Foreign Direct Investment:
To attract Foreign Direct Investment
(B) Relief for Capital Market: To ensure continued stability in the stock market, from 1 st July 2014 CGT rates have been reduced to 12.5% for securities held up to 12 months and 10% for securities held for a period between 12 to 24 months, whereas the securities held for more than 24 months are exempt from CGT.
(C) Incentives for Processing Industries of Special Areas: To encourage food processing units in Makran, Gilgit-Baltistan, Swat Valley and FATA Duty and tax-free import of imported machinery a tax holiday has been announced.
(D) Incentives for Joint Ventures between Companies and AOPs: The nonresident companies have to create a joint venture with a local company. To remove the hardship for the nonresidents, if one member of the joint venture is a company, it would be taxed separately at the applicable rate while the individuals would be taxed as an AOP separately.
(E) Reduction in the Corporate Tax Rate:
In accordance with the already announced policy for
(F) Reduction in Maximum Rate of Tariff and Tariff Slabs: The number of slabs is brought down to 6 and the highest tariff is 25%. The luxury items are subjected to regulatory duty equivalent to the above facility.