{"id":54559,"date":"2019-08-22T16:41:16","date_gmt":"2019-08-22T11:41:16","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=54559"},"modified":"2019-08-22T16:41:16","modified_gmt":"2019-08-22T11:41:16","slug":"fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html","title":{"rendered":"FBR gives tax exemptions to businesses operating in Gwadar Free Zone"},"content":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has agreed to give a 23-year exemption in sales tax to the importers of warehousing goods operating in the Gwadar Free Zone, a news source reported. At the same time, the board has turned down a suggestion of the China Overseas Port Holding Company (COPHC) seeking a 40-year exemption on custom duties and other taxes on import of cars for its operations, as well as for firms operating under it.<\/p>\n<p>Read:\u00a0<a class=\"row-title\" href=\"https:\/\/www.zameen.com\/news\/ndc-grant-tax-relief-businesses-gwadar-free-zone.html\" target=\"_blank\" rel=\"noopener noreferrer\">NDC to grant tax relief to businesses in Gwadar Free Zone<\/a><\/p>\n<p>In wake of this announcement, the COPHC and its subsidiaries would be able to import cars for Gwadar Port and Gwadar Free Zone without paying custom duties and other taxes for 23 years instead of the previously proposed timeframe 40 years. The FBR has also granted exemption in sales tax on the income of the COPHC and its subsidiaries earned via Gwadar Port and Gwadar Free Zone.<\/p>\n<p>Read:\u00a0<a class=\"row-title\" href=\"https:\/\/www.zameen.com\/news\/exemption-in-tax-duties-expected-for-gwadar-port-and-free-zone.html\" target=\"_blank\" rel=\"noopener noreferrer\">Exemption in tax, duties expected for Gwadar Port and Free Zone<\/a><\/p>\n<p>For thus purpose, the taxation authority recently sent a summary to the Ministry of Maritime Affairs in which it had sought relief on duties and taxes applicable on business operating from Gwadar Free Zone. The proposals mentioned in the summary are expected to become part of tax laws once the federal cabinet and the Economic Coordination Committee grant their approvals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has agreed to give a 23-year exemption in sales tax to the importers of warehousing goods operating in the Gwadar Free Zone, a news source reported. At the same time, the board has turned down a suggestion of the China Overseas Port Holding Company (COPHC) seeking a 40-year exemption on custom duties and other taxes on import of cars for its operations, as well as for firms operating under it. Read:\u00a0NDC to grant tax relief to businesses in Gwadar Free Zone In wake of this announcement, the COPHC and its subsidiaries would be able to import cars for Gwadar Port and Gwadar Free Zone without paying custom duties and other taxes for 23 years instead of the previously proposed timeframe 40 years. The FBR has also granted exemption in sales tax on the income of the COPHC and its subsidiaries earned via Gwadar Port and Gwadar Free Zone. Read:\u00a0Exemption in tax, duties expected for Gwadar Port and Free Zone For thus purpose, the taxation authority recently sent a summary to the Ministry of Maritime Affairs in which it had sought relief on duties and taxes applicable on business operating from Gwadar Free Zone.&hellip;<\/p>\n","protected":false},"author":18,"featured_media":14949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12659],"persona":[],"class_list":{"0":"post-54559","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR gives tax exemptions to businesses operating in Gwadar Free Zone - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has agreed to give a 23-year exemption in sales tax to the importers of warehousing goods operating in the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR gives tax exemptions to businesses operating in Gwadar Free Zone - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has agreed to give a 23-year exemption in sales tax to the importers of warehousing goods operating in the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-22T11:41:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2015\/07\/gwadar.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samra Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samra Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR gives tax exemptions to businesses operating in Gwadar Free Zone - Zameen News","description":"Islamabad: The Federal Board of Revenue (FBR) has agreed to give a 23-year exemption in sales tax to the importers of warehousing goods operating in the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html","og_locale":"en_US","og_type":"article","og_title":"FBR gives tax exemptions to businesses operating in Gwadar Free Zone - Zameen News","og_description":"Islamabad: The Federal Board of Revenue (FBR) has agreed to give a 23-year exemption in sales tax to the importers of warehousing goods operating in the","og_url":"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2019-08-22T11:41:16+00:00","og_image":[{"width":600,"height":350,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2015\/07\/gwadar.jpg","type":"image\/jpeg"}],"author":"Samra Zulfiqar","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Samra Zulfiqar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html"},"author":{"name":"Samra Zulfiqar","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293"},"headline":"FBR gives tax exemptions to businesses operating in Gwadar Free Zone","datePublished":"2019-08-22T11:41:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html"},"wordCount":237,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2015\/07\/gwadar.jpg","keywords":["FBR gives tax exemptions to businesses operating in Gwadar Free Zone"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html","url":"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html","name":"FBR gives tax exemptions to businesses operating in Gwadar Free Zone - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2015\/07\/gwadar.jpg","datePublished":"2019-08-22T11:41:16+00:00","description":"Islamabad: The Federal Board of Revenue (FBR) has agreed to give a 23-year exemption in sales tax to the importers of warehousing goods operating in the","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2015\/07\/gwadar.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2015\/07\/gwadar.jpg","width":600,"height":350,"caption":"gwadar development authority"},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/fbr-gives-tax-exemptions-to-businesses-operating-in-gwadar-free-zone.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"FBR gives tax exemptions to businesses operating in Gwadar Free Zone"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293","name":"Samra Zulfiqar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","caption":"Samra Zulfiqar"},"description":"Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market\u2019s most promising opportunities.","url":"https:\/\/www.zameen.com\/news\/author\/samra"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/54559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=54559"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/54559\/revisions"}],"predecessor-version":[{"id":54560,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/54559\/revisions\/54560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/14949"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=54559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=54559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=54559"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=54559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}