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Pakistan Introduces Tax Incentives for Special Technological Zones

22 December 2020

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Approved Changes

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Pakistan

Pakistan's Ministry of Law and Justice has published a copy of the Special Technology Zones Authority Ordinance 2020, which was first published in the Official Gazette on 3 December 2020 and applies with immediate effect. The Ordinance includes measures meant to support technology development in Pakistan, including measures for the establishment of the Special Technology Zones Authority and related tax incentives for approved zone developers and zone enterprises. The incentives are as follows: Incentives for zone developers: an exemption from all taxes on income accruable in relation to the development and operations of the zones for a period of 10...