IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jul 2015 | Removal date: 30 Jun 2020
Still in force

Tax or social insurance relief

Exemptions from income tax payments have been provided in the below cases. These tax exemptions are discriminatory as they artificially reduce prices of domestic goods as compared to imported goods.

  • A 3 year income tax holiday is provided for new industrial undertakings engaged in setting up and operating cold chain facilities or warehousing facilities for storage of agricultural produce.
  • On account of low global demand, exemption from minimum tax is being granted to rice mills for the tax year 2015
  • 5 year income tax exemption is provided to companies that will be engaged in the manufacturing of plant and equipment for producing solar and/or wind energy
  • To develop the economy of the Khyber Pakhtunkhwa region certain measures are proposed such as 1) 5 year income tax exemption for new manufacturing units set up before 30 June 2018 2) exports of perishable food itmes is allowed against Pakistani currency instead of dollars

AFFECTED COUNTRIES

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