Exemption from Income Tax at import stage in respect of import of finished drug Remdesivir
SRO 557(I)/2020 is an Income Tax SRO dated 22 June 2020, listed by FBR as "Exemption from Income Tax at import stage in respect of import of finished drug Remdesivir".
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.
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Government of Pakistan
Revenue Division
Federal Board of Revenue
Islamabad, the 22nd June, 2020.
NOTIFICATION
(Income Tax)
S.R.O.557(I)/2020.- In exercise of powers conferred under 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 IV, after clause (12C), the following new clause shall be inserted, namely. -
"(12D) The provisions of section 148 shall not apply on the import of finished drug Remdesivir 100mg injection and injectable solution 100 mg vial.".
[F.No.1(47)R&S/2020]
(Dr. Hamid Ateeq Sarwar)
Additional Secretary
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