Five-year tax holiday for investment in the manufacturing of renewable energy technologies

KARACHI: Finance Supplementary 2nd Amendment Bill has proposed complete tax holiday along with import duty exemptions to attract investment in the manufacturing of renewable energy technologies.

Finance Minister Asad Umar said PTI government aimed at increasing share of renewable energy in the country’s energy mix to 30 percent adding government also want to encourage manufacturing of renewable energy technology such as solar panels and wind turbines.

Therefore, it is proposed that all investment in manufacturing of renewable energy technologies will enjoy complete tax holiday for five years. [the_ad id=”31605″]

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