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Govt turns down tax relief plan

Govt turns down tax relief plan Aviation Division proposed exemption to new authorities for five years to manage airports ISLAMABAD: The government has turned down a plan of granting five-year tax break to new authorities to look after the affairs of airports and aviation under outsourcing of major airports of the country. The government plans to segregate Pakistan Civil Aviation Authority (PCAA) by setting up two separate authorities namely Pakistan Civil Aviation Regulatory Authority (PCARA) and Pakistan Airports Authority (PAA). The Aviation Division had tabled a plan before the cabinet to grant tax exemptions to two new authorities for five years. However, the Federal Board of Revenue (FBR) had opposed this tax break.

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