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.
Introduction Given the substantial developments and growth in the Islamic finance industry over the last 10 years or so, it is clear that the pace of innovation has also had its downsides. Some Shariah scholars and practitioners have criticised the sector’s rapid growth as occasionally being reckless and unnecessarily “pushing the theological boundaries too far”. […]
Insolvency and Restructuring Law and Practice in the UAE
What is the principal current legislation relating to insolvency in the UAE? What is the importance of insolvency and restructuring laws in the UAE market? What are the main features of the present insolvency system in the UAE? How has the insolvency and restructuring market evolved in the UAE? What will be the potential impact […]
