Incentives

Exemption of Income Tax for Investors Company:

The Government has exempted Income Tax of the Investors located at Hi-Tech Parks in the following manner:

Incentive & Beneficiaries

Details

Refs.

Exemption of Income Tax for Investors (Company)

The government has exempted Income tax of investor companies from the date the company starts gaining income at Hi-Tech Parks as per the following:

Rates:

For the 1st to 7th  years   :  100%,

For 8th to 10th  years       :    70%;

 

Conditions:

(1) The company shall seek Tax-payers Identification Number (TIN);

(2) The company shall record account as per section 35 and submit income tax return in time under section 75 before the income tax authority.

 

Exemption of Income Tax for Investors Company (S.R.O. No. 245-Law-Income Tax-39-2024, Dated 27 June, 2024)