Investment in new plant, machinery: provisions allowing tax credits being extended for three years
The Federal Board of Revenue (FBR) has said that the operation of provisions allowing tax credits on investment in new plant and machinery by an existing industrial undertaking or establishment of new industrial undertakings is being extended for further three years in the budget (2016-17).
Non-resident companies: FBR issues separate procedures/conditions
The Federal Board of Revenue (FBR) has made it mandatory for non-resident companies (having no Permanent Establishment in Pakistan) to be registered to provide tax registration or incorporation document from relevant regulatory authorities of the foreign country.
Wheeling of electricity: Nepra approves regulations
National Electric Power Regulatory Authority (Nepra) has approved regulations for wheeling of electricity aimed at improving and opening up power sector and promote competition.
LexisNexis Foreign Investment Law Guide 外国投资法指南 2018–2019
For an update on foreign investment practices around the world with an Asia-Pacific focus, please review the LexisNexis Foreign Investment Law Guide 2018 -2019 eBook
DFSA enhances its Collective Investment Funds Regime
Following the consultation period on a number of proposed legislative changes that were set out in Consultation Paper No. 115, the DFSA has made amendments to the Collective Investment Law 2010 and the DFSA Rulebook.
On 12 November 2018, the DIFC enacted the new companies law regime, which aims to reduce compliance requirements in order to create commercial flexibility for businesses, and seeks to clarify previously uncertain matters to ensure closer alignment with international best practice.
