Exemption of Sales Tax on Two projects pertaining to CPEC.
SRO 499(I)/2016 is a Sales Tax SRO dated 27 July 2016, listed by FBR as "Exemption of Sales Tax on Two projects pertaining to CPEC.".
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
MINISTRY OF FINANCE, ECONOMIC AFFAIRS,
STATISTICS & REVENUE
REVENUE DIVISION
Islamabad, the 27th July, 2016.
NOTIFICATION
(SALES TAX)
S.R.O. 499(I)/2016.- In exercise of the powers conferred by clause (a) of sub-section (2) of section 13 of the Sales Tax Act, 1990, the Federal Government is pleased to direct that equipment and construction machinery, if not manufactured locally, imported by M/s China State Construction Engineering Corporation Limited (M/s CSCECL) for the construction of Karachi - Peshawar Motorway (Sukkur - Multan Section) and M/s China Communication Construction Company (M/s CCCC) for the construction of Karakorum Highway (KKH) Phase-II (Thakot - Havellian Section), shall be exempt from whole of sales tax for the purpose of the said Act subject to fulfillment of same conditions, limitations and restrictions as are stipulated under the Federal Government's Notification No S.R.O. 642(I)/2016, dated the 27th July, 2016, for availing exemption from levy of customs duty.
[C. No. 1/15-STB/99 (Pt-III)]
(Rehmatullah Khan Wazir)
Additional Secretary
Which later SROs refer to this one?
SROs whose FBR title names SRO 499(I)/2016, usually to amend or rescind it.
- SRO 721(I)/20168 August 2016Amendment in Notification No. S.R.O 499(I)/2016 dated 27th July,2016
Related Sales Tax SROs on exemptions and concessions
- SRO 587(I)/20171 July 2017To Exempt ST on Local Supply of HEVs
- SRO 116(I)/201723 February 2017Exemption of Sales Tax on Supply of Furniture and other equipment for IT Labs of three Colleges in AJ & K affected by Earthquake, 2005
- SRO 42(I)/201726 January 2017Exemption to equipment for contractor of Lahore Orange Line Metro Train Project
- SRO 898(I)/201626 September 2016Exemption of Sales Tax of 35 Security/Armoured Vehicles for visiting dignitories
- SRO 643(I)/201627 July 2016Exemption of Sales Tax chargeable on import of three scanners donation to Anti-Narcotics Force, by Kingdom of Saudi Arabia.
- SRO 837(I)/201525 August 2015Exemption of Supply of Wheat bran falling under PCT heading 2302.3000, from whole of Sales Tax.