The Federal Board of Revenue said that the GOP granted a comprehensive duty and tax incentives for 10 years to investors operating in special technology zones (STZs) in Pakistan.
The incentives include immunity from explaining the source of funds to be invested. Exemptions are also available from declaring income and assets for 10 years. The sources said the incentives have been granted through a presidential order to promulgate Special Technology Zone Authority Ordinance 2020 on 2nd December 2020.
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