Tax credit for enlistment section 65c

Tax credit for enlistment section 65c

Section 65C has been omitted which was read as “Where a taxpayer being a company opts for enlistment in any registered stock exchange in Pakistan on or before the 30th day of June, 2022 a tax credit equal to twenty percent of the tax payable shall be allowed for the tax year in which the said company is enlisted and for the following three tax years:

Provided that the tax credit for the last two years shall be ten per cent of the tax payable”

Now no such Tax Credit is available to above mentioned persons.

Read more blogs here and to contact FBR click here.

Leave a Reply

Your email address will not be published. Required fields are marked *

Click to listen highlighted text!