Corporate Income Tax exemption for industrial undertakings green field industrial undertaking is not formed by the splitting up or reconstitution of an undertaking already in existence or by transfer of machinery or plant from an undertaking established
Name of Incentive
Corporate Income Tax exemption for industrial undertakings green field industrial undertaking is not formed by the splitting up or reconstitution of an undertaking already in existence or by transfer of machinery or plant from an undertaking established
Type of Incentive
Tax Incentive
Ministry
Agency
Sector
Industry
Sub Sector
Product/Activity
Incentive Details
Description
[(126O) Profits and gains of a company from a green field industrial undertaking for a period of five years incorporated on or after the first day of July, 2019 provided that the green field industrial undertaking is not formed by the splitting up or reconstitution of an undertaking already in existence or by transfer of machinery or plant from an undertaking established in Pakistan before the commencement of the new business.]
