{"id":90678,"date":"2022-12-13T16:39:38","date_gmt":"2022-12-13T11:39:38","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=90678"},"modified":"2022-12-13T17:16:45","modified_gmt":"2022-12-13T12:16:45","slug":"fbr-cvt-relief-reko-diq-company","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html","title":{"rendered":"FBR extends CVT relief to Reko Diq Mining Company"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) has granted Reko Diq Mining Company an exemption from paying capital value tax (CVT) as stipulated in the Finance Act 2022, news sources reported on December 13.&nbsp;<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-auction-intellectual-property-rights-defaulters.html\" data-type=\"post\" data-id=\"90462\" target=\"_blank\" rel=\"noreferrer noopener\">FBR to auction intellectual property rights, other assets of tax defaulters<\/a><\/p>\n\n\n\n<p>In this regard, FBR issued SRO.2200(I)\/2022 on Monday, notifying changes to the Finance Act of 2022. As per the notification, under Section 8 of the Finance Act of 2022, the federal government may, by notification in the official gazette, exempt any asset or class of assets from tax subject to such conditions as may be specified. <\/p>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/12\/FBR-notification.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of FBR-notification.\"><\/object><a id=\"wp-block-file--media-57b2db79-1b77-4fbd-ab12-589762945c63\" href=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/12\/FBR-notification.pdf\">FBR-notification<\/a><a href=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/12\/FBR-notification.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-57b2db79-1b77-4fbd-ab12-589762945c63\">Download<\/a><\/div>\n\n\n\n<p>According to this revision in regulations, the federal government has exempted all assets of the<a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/news\/pakistan-mining-license-reko-diq-project.html\" data-type=\"post\" data-id=\"89979\" target=\"_blank\"> Reko Diq Mining Company <\/a>(Private) Limited (formerly Tethyan Copper Company Pakistan Private Limited (TCC)) from the whole of the capital value tax (CVT) payable under sub-section (1) of Section 8 of the Finance Act 2022.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ecc-early-start-reko-diq-project.html\" data-type=\"post\" data-id=\"90645\" target=\"_blank\" rel=\"noreferrer noopener\">ECC okays agendas for early start of Reko Diq project<\/a><\/p>\n\n\n\n<p>Recently, the Supreme Court bench declared the agreement between the government and the TCC as valid, prompting the government to issue a notification granting the TCC special exemptions in mineral proceeds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has granted Reko Diq Mining Company an exemption from paying capital value tax (CVT) as stipulated in the Finance Act 2022, news sources reported on December 13.&nbsp; Read: FBR to auction intellectual property rights, other assets of tax defaulters In this regard, FBR issued SRO.2200(I)\/2022 on Monday, notifying changes to the Finance Act of 2022. As per the notification, under Section 8 of the Finance Act of 2022, the federal government may, by notification in the official gazette, exempt any asset or class of assets from tax subject to such conditions as may be specified. According to this revision in regulations, the federal government has exempted all assets of the Reko Diq Mining Company (Private) Limited (formerly Tethyan Copper Company Pakistan Private Limited (TCC)) from the whole of the capital value tax (CVT) payable under sub-section (1) of Section 8 of the Finance Act 2022.\u00a0 Read: ECC okays agendas for early start of Reko Diq project Recently, the Supreme Court bench declared the agreement between the government and the TCC as valid, prompting the government to issue a notification granting the TCC special exemptions in mineral proceeds.<\/p>\n","protected":false},"author":84,"featured_media":75334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[55432,50704],"persona":[],"class_list":{"0":"post-90678","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-fbr-extends-cvt-relief-to-reko-diq-mining-company","9":"tag-reko-diq-project-balochistan","10":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR extends CVT relief to Reko Diq Mining Company - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has granted Reko Diq Mining Company an exemption from paying capital value tax (CVT) as stipulated 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-cvt-relief-reko-diq-company.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR extends CVT relief to Reko Diq Mining Company - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has granted Reko Diq Mining Company an exemption from paying capital value tax (CVT) as stipulated in the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.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=\"2022-12-13T11:39:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-13T12:16:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nauman Ahmad\" \/>\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=\"Nauman Ahmad\" \/>\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 extends CVT relief to Reko Diq Mining Company - Zameen News","description":"Islamabad: The Federal Board of Revenue (FBR) has granted Reko Diq Mining Company an exemption from paying capital value tax (CVT) as stipulated 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-cvt-relief-reko-diq-company.html","og_locale":"en_US","og_type":"article","og_title":"FBR extends CVT relief to Reko Diq Mining Company - Zameen News","og_description":"Islamabad: The Federal Board of Revenue (FBR) has granted Reko Diq Mining Company an exemption from paying capital value tax (CVT) as stipulated in the","og_url":"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.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":"2022-12-13T11:39:38+00:00","article_modified_time":"2022-12-13T12:16:45+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","type":"image\/jpeg"}],"author":"Nauman Ahmad","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Nauman Ahmad","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html"},"author":{"name":"Nauman Ahmad","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/0ea33500845f59b56c53060ac1ef44a9"},"headline":"FBR extends CVT relief to Reko Diq Mining Company","datePublished":"2022-12-13T11:39:38+00:00","dateModified":"2022-12-13T12:16:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html"},"wordCount":199,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","keywords":["FBR extends CVT relief to Reko Diq Mining Company","Reko Diq Project Balochistan"],"articleSection":["Notices &amp; Announcements"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html","url":"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html","name":"FBR extends CVT relief to Reko Diq Mining Company - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","datePublished":"2022-12-13T11:39:38+00:00","dateModified":"2022-12-13T12:16:45+00:00","description":"Islamabad: The Federal Board of Revenue (FBR) has granted Reko Diq Mining Company an exemption from paying capital value tax (CVT) as stipulated in the","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"FBR extends CVT relief to Reko Diq Mining Company"}]},{"@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\/0ea33500845f59b56c53060ac1ef44a9","name":"Nauman Ahmad","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/Picture1-96x96.png","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/Picture1-96x96.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/Picture1-96x96.png","caption":"Nauman Ahmad"},"description":"Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.","sameAs":["https:\/\/www.zameen.com"],"url":"https:\/\/www.zameen.com\/news\/author\/nauman_ahmad"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/90678","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\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=90678"}],"version-history":[{"count":2,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/90678\/revisions"}],"predecessor-version":[{"id":90683,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/90678\/revisions\/90683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/75334"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=90678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=90678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=90678"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=90678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}