Five years Corporate Income Tax holiday for projects for the purpose of Commercial Operations
SRO 123(I)/2010 is an Income Tax SRO dated 26 February 2010, listed by FBR as "Five years Corporate Income Tax holiday for projects for the purpose of Commercial Operations".
FBR publishes this SRO as scanned images, so the text below was transcribed by Qanoon Digest from the page images, with tables set out as tables. Check the official PDF before relying on any wording or figure.
Page 1
GOVERNMENT OF PAKISTAN
REVENUE DIVISION
FEDERAL BOARD OF REVENUE
Islamabad, the February 26 2010.
NOTIFICATION
(INCOME TAX)
S.R.O. 123 (I)/2010. - In exercise of the powers conferred by sub-section (2) of section 53 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to the said Ordinance, namely:-
In the aforesaid Schedule, in Part I, for clause (126E), the following shall be substituted, namely:-
"(126E) Corporate income tax holiday for a period of five years for projects from the date of start of commercial operations, and for developers of the Zone for a period of ten years from the date of start of developmental activity in the Special Economic Zones as announced by the Federal Government.".
[C.No.1(48)Inc/2007]
(Asrar Raouf)
Member (Direct Taxes)/
Additional Secretary
Related Income Tax SROs on exemptions and concessions
- SRO 755(I)/20109 August 2010Amendment in Part-I of Second Schedule to the I.Tax Ordinance,2001
- SRO 69(I)/20103 February 2010Clause (7) added in part-III, 2nd schedule.
- SRO 833(I)/200928 September 2009Exemption - ICC&I and Comsats
- SRO 810(I)/200918 September 2009Exemption from taxes to ECO Trade & Development Bank
- SRO 717(I)/200911 August 2009Amendment in Second Schedule Schedule, in Part IV, in clause (57)
- SRO 712(I)/20094 August 2009Amendments in Part-IV of second schedule to the I. Tax Ordinance, 2001.