Pakistan's Gwadar Port Authority and its Export Processing Zone (EPZ) have been granted a ten-year tax exemption by the country's Federal Minister for Industry & Production, Manzoor Ahmed Wattoo.
Announcing the measure during a press conference on May 20, Mr Wattoo revealed that the government had officially approved a proposal to introduce tax holidays for industrial units, hotels and warehouses which are to be set up in the Gwadar EPZ.
Under the measure, construction materials will be exempted from sales tax levies entirely and stamp duty will be eliminated.
The move will also see a number of trade centres established at the port which are expected to improve Pakistan's trade relations significantly with several countries including China, Iran, Afghanistan and the Middle East and Russian States.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment