Pakistan has published the Tax Laws (Amendment) Ordinance No.1 of 2020, which generally applies from 19 April 2020. The measures of the Ordinance provide an incentive package to support the construction sector in light of the COVID-19 pandemic. Key points of the incentive package include:
- A fixed tax regime for the construction sector is introduced, with tax charged on the basis of square feet or square yards, depending on the area/location of the project:
- Commercial Buildings - PKR 210 to …