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Special Economic Zones (Amendment) Act, 2016 (Act No. XLV of 2016).

Country/Territory
Pakistan
Document type
Legislation
Date
2016
Source
FAO, FAOLEX
Long title
An Act further to amend the Special Economic Zones Act, 2012.
Subject
Agricultural & rural development
Keyword
Institution Internal trade International trade Legal proceedings/administrative proceedings Agricultural development Business/industry/corporations Zoning
Geographical area
Asia, Asia and the Pacific, Indian Ocean, South Asian Seas, Southern Asia
Entry into force notes
This Act enters into force immediately.
Abstract

This Act amends the Special Economic Zones Act, 2012. Amended sections deal with the following matters: definition of "Special Economic Zone" or (SEZ) means a geographically defined and delimited area which has been approved and notified by the BOA; new entrants and new industries setup after the establishment of the SEZ; time exemption from all custom-duties and taxes on plant and machinery imported into Pakistan except the items listed under Chapter 87 of the Pakistan Customs Tariff; exemption from all taxes on income for enterprises commencing commercial production by the 30 June 2020, in the SEZs for the next ten years, etc.

Full text
English
Website
www.na.gov.pk

References - Legislation

Amends

Special Economic Zones Act, 2012 (No. XX).

Legislation | Pakistan | 2012 (2015)

Keyword: Institution, Internal trade, International trade, Legal proceedings/administrative proceedings, Agricultural development, Business/industry/corporations, Zoning

Source: FAO, FAOLEX