• Service: Tax, International Tax
  • Type: Regulatory update
  • Date: 2/5/2014

Pakistan - Tax incentives focusing on certain sectors 

February 5:  The Prime Minister announced a tax incentive and amnesty package in late November 2013.

The new policy aims to broaden the tax base and attract investment in much-needed new projects in the following sectors:

  • “Green field” industrial and expansion projects (i.e., involving the construction of facilities where none previously existed)
  • Captive power plants
  • Low-cost housing
  • Construction
  • Livestock
  • Mining and quarrying in the Thar coal project
  • Mining projects in the provinces of Balochistan and Khyber Pakhtunkhwa.

For investors who set up an industry in these sectors on or after 1 January 2014, there generally would be no scrutiny of the source of investment.

Read a January 2014 report prepared by the KPMG member firm in Pakistan: Pakistan – New tax policy aims to promote economic growth

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