Special Assistant on Revenues Dr. Waqar Masood has said that the govt. has retained the Special Economic Zones (SEZs) from the proposed withdrawal of income tax exemptions in order to protect investments, especially in the context of CPEC. The govt. has tabled the Tax Amendment bill 2021 in the National Assembly and proposed to abolish around 80 corporate sector income tax exemptions with effect from 1st Jul’21. The total cost of the proposed withdrawal would be around at around PKR 50-75Bn.
13/3/2021