Income From Business Chapter- 09
Provided that such buying houses act as cost centers with the sole purpose to bring export orders to
Pakistan on behalf of their principals and do not enter into any local business transactions in Pakistan
and their expenses are remitted to Pakistan.16.31 INCOME DERIVED BY SPECIFIED PERSON [U/C 1 50 ]
Income derived by Siyahkalem Engineering Construction Industry and Trade Company Limited from
contract dated 23rd day of May 2017 with Earthquake Reconstruction and Rehabilitation Authority,
financed by the Saudi Fund for Development with effect from tax year 2017.16.32 INCOME DERIVED FROM CINEMA OPERATIONS [U/C 1 51 ]
Any income derived by a person from cinema operations for five years from the commencement of
cinema operations.16.33 PROFIT AND GAINS DERIVED SPECIFIED PERSONS [U/C 1 52 ]
Profits and gains derived between the first day of July, 2022 and the thirtieth day of June, 2025 both
days inclusive, by a venture capital company and venture capital fund registered under relevant Venture
Capital Companies and Funds Management Rules issued by Securities and Exchange Commission of
Pakistan.16.34 PROFIT AND GAINS DERIVED BY RESIDENT PRODUCER / RESIDENT HOUSE [U/C 1 5 3]
Profits and gains from the production of feature film derived between the first day of July, 2022 and the
thirtieth day of June, 2027 both days inclusive by a resident producer or a resident production house.17. REDUCTION IN TAX RATES [PART II OF SECOND SCHEDULE TO THE INCOME TAX
ORDINANCE, 2001]
CLAUSE PARTICULARS OF EXEMPTION^
2 Letting of petroleum pipelines
This clause has been omitted by Finance Act, 2021.
3 Services rendered outside Pakistan
This clause has been omitted by Finance Act, 2021.
3B Income from PCB derived from outside Pakistan
This clause has been omitted by Finance Act, 2021.
18B 2% tax on share trading on stock exchange
This clause has been omitted by Finance Act, 2021.17.1 LETTING OF PETROLEUM PIPELINES [U/C 2]
This clause has been omitted by Finance Act, 2021.17.2 SERVICES RENDERED OUTSIDE PAKISTAN [U/C 3]
(a) This clause has been omitted by Finance Act, 2021.17.3 Income from PCB derived from outside Pakistan [U/C 3B]
This clause has been omitted by Finance Act, 2021.17.4 2% tax on share trading on stock exchange [U/C 18B]
This clause has been omitted by Finance Act, 2021.