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Comments on Special Incentive Package for Construction Industry

Comments on SIP for Construction Industry

A Special Incentive Package for Construction Industry has been announced by the Prime Minister of Pakistan on 03 April 2020.

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Kamran Iqbal Butt

Partner, Tax & Advisory Services

KPMG in Pakistan

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construction Industry

This publication contains our comments on the salient features of the proposed incentives package. The proposed measures would require incorporation in relevant fiscal statues to take effect, as such, more details are expected moving forward and the actual amendments in the relevant laws may need to be looked into before ascertaining the real impact of proposed incentives.

We recommend that while considering the application of proposed incentives to any case, reference be made to the specific wordings of the relevant statutes which are expected to be introduced shortly.

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The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

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