Govt forms body to finalise tax
Govt forms body to finalise tax Proposal seeks tax cut on EPC supply contract for Kohala, Azad Pattan projects Both the companies had raised the issue that at the time of announcement of the Policy for Power Generation Projects 2002, there was no tax on payments made to an offshore supply contractor. PHOTO: FILE ISLAMABAD: The government has formed a committee to finalise a proposal for reducing tax on offshore engineering, procurement and construction (EPC) supply contracts relating to 1,124-megawatt Kohala and 700MW Azad Pattan Hydropower Projects. At present, there is 2.1% withholding tax...
Source: tribune.com.pk