ISLAMABAD: The Federal Board of Income has exempted revenue tax on import of plant, equipment and gear used within the development of motorways.
A notification issued on Friday stated that the exemptions will even be relevant on dumpers and particular functions motor automobiles imported by two Chinese language corporations — M/s China State Development Engineering Company Ltd and M/s China Communication Development Firm.
The equipment is getting used for development of Sukkur-Multan part of Karachi-Peshawar Motorway undertaking and Karakorum Freeway Part-II of China Pakistan Financial Hall, respectively.
Revealed in Daybreak, August twentieth, 2016
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