Just a moment...
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Click here to download PDF file
******
Notes
1. For Further Correction seeCORRIGENDUM dated 26-08-2019
Taxation Ordinance introduces optional 22% and 15% corporate tax regimes for domestic companies and new manufacturers. The ordinance creates two elective tax regimes for domestic companies: a 22 percent option requiring computation of total income without a specified set of deductions and without set-off of related carried-forward losses, and a 15 percent option for new domestic manufacturing companies meeting formation, commencement, asset-use and activity restrictions; each option must be exercised by the prescribed due date and, once exercised, applies to subsequent assessment years with limited withdrawal rights.Press 'Enter' after typing page number.