Exemption from Withholding Tax on import of construction material to M/s CSCEC
SRO 79(I)/2018 is an Income Tax SRO dated 29 January 2018, listed by FBR as "Exemption from Withholding Tax on import of construction material to M/s CSCEC".
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 29th January, 2018
NOTIFICATION
(Income Tax)
S.R.O. 79(I)/2018.- In exercise of the powers conferred by sub-section (2) of section 53 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Board with the approval of the Federal Minister-in-charge and pursuant to the approval of the Economic Coordination Committee of the Cabinet vide Case No. ECC-132/24/2017, dated 22nd December, 2017, 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 (60A), the following new clause shall be inserted, namely:-
"(60AA) The provisions of section 148 of the Income Tax Ordinance, 2001 (XLIX of 2001), shall not apply for import of construction materials or goods up to a maximum of 10,898,000 million rupees imported by China State Construction Engineering Corporation (M/s CSCEC) for construction of Sukkur-Multan section of Karachi-Peshawar Motorway project of National Highway Authority under CPEC."
[F.No.1(43)Rules & SROs/2016]
(Ajaz Hussain)
Secretary (Rules & SROs)
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