The Securities and Exchange Commission of Pakistan (SECP) has put forward a series of tax-related recommendations to boost investments in the country, sources informed a local news publisher on Sunday.
Recent media reports said that the SECP has proposed tax reductions for overseas Pakistanis to create a more investor-friendly environment for businesses and individuals.
Among the proposed measures is a three-year tax exemption for individuals investing in Pakistan, according to the sources. The commission has suggested reduced tax rates of up to 15% for three years on investment holdings and exemption from taxes on investment holdings for longer than three years.
The SECP has also proposed relief in taxation on capital gains and exemption on bonus shares, the sources added.
Via: Geo News