The senior
exemption reduces the assessed value of a home by $8,000.
One SRO1125-based sales tax
exemption, extended to five export sectors leather, textile, carpets, surgical and sports goods surged to Rs86.7bn, from Rs61.3bn in 2017-18, an increase of 41.4pc.
As the United States carries out international acquisition efforts, it is imperative that we seek VAT
exemption from foreign countries in order to save or avoid unnecessary costs.
The homestead must be owned by a "natural person." (6) The portion of a homestead protected by this
exemption will vary depending upon the location of the property.
Adeyemi Adenike, in Abuja, the NYSC said checking by its records, the Minister applied for an
exemption certificate.
In fact, the introduction of tax
exemptions means resignation from a part of tax revenue.
The law, after being passed from the provincial assembly will end the tax
exemption extended to Pata and Fata by the government of Pakistan as their status will get changed with the law.
Other instances included 20-year tax
exemption for the Khalifa coastal refinery, 10-year tax
exemption for all industrial undertakings in the Larkana industrial estate, 10-year tax holiday for all industrial concerns in Gwadar, 10-year
exemption for all industrial units in special economic zones, lifetime
exemption for power companies, lifetime
exemption for a coal mining project in Sindh supplying coal to a power project and five-year
exemption for LNG terminal operators and owners.
While many states agree on this premise, they differ in their execution of the
exemption.
According to media reports the plea has been filed seeking
exemption for fifteen days.
They include
exemption of customs duties on the import of plant machinery and equipment, if not manufactured locally, by the China State Construction Engineering Corporation Limited and the China Communication Construction Company for the construction of Sukkur-Multan section of Karachi-Peshawar Motorway and Karakoram Highway Phase-II (Thakot-Havelian section), respectively.