Tax Credit for Newly Established Industrial Undertakings
Name of Incentive
Tax Credit for Newly Established Industrial Undertakings
Type of Incentive
Tax Incentive
Ministry
Agency
Sector
Industry
Sub Sector
Product/Activity
Incentive Details
Description
A five-year tax holiday in the form of hundred percent tax credit is allowed to a company setting up a new industrial undertaking in Pakistan between 1 July 2011 and 30 June 2021. The industrial undertaking is required to be funded out of 100% equity raised through issuance of shares for cash consideration.