{"id":657,"date":"2020-07-08T10:52:55","date_gmt":"2020-07-08T10:52:55","guid":{"rendered":"https:\/\/sirmaya.com\/blog\/?p=657"},"modified":"2020-07-08T11:11:04","modified_gmt":"2020-07-08T11:11:04","slug":"gwadar-tax-free-package-is-now-live-valid-till-2038","status":"publish","type":"post","link":"https:\/\/www.sirmaya.com\/blog\/gwadar-tax-free-package-is-now-live-valid-till-2038\/","title":{"rendered":"Gwadar Tax-Free Package is now Live! Valid till 2038"},"content":{"rendered":"<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 3,141<\/span><span class='epvc-label'> Views<\/span><\/div>\n<p>The Gwadar Tax-free Package has been a crucial part of fiscal budget 2020-21 whose preliminary postulates were under discussion. Recently, the package has been officially announced with major breakthroughs adding essence to the decision.<\/p>\n\n\n\n<p><strong>Tax Concessions<\/strong><\/p>\n\n\n\n<p>The Gwadar port, being developed by the China Overseas Ports Holding Company Limited (COPHCL), offers numerous opportunities for socio-economic development of Pakistan. The Senate Finance Committee has unanimously approved the tax concessions proposed for Gwadar Port and Gwadar Free Zone in Finance Bill 2020-21. According to the tax concession agreement, the concession holder and its contractors and lenders will have a 20-year tax holiday. The concession would accelerate the Gwadar Port and its Free Zone operations. It would further uplift the livelihood of locals by offering socio-economic development opportunities.<\/p>\n\n\n\n<p>The main pointers are highlighted below:<\/p>\n\n\n\n<ul><li>Safety guaranteed to investors&nbsp;<\/li><li>No tax or duty on export of machinery and raw material<\/li><li>The status of the package is guaranteed by the state<\/li><li>Exemption from income tax and value addition tax<\/li><li>Goods arriving have to show documented prove of adherence to the Package<\/li><\/ul>\n\n\n\n<p><strong>Validity<\/strong><\/p>\n\n\n\n<p>The Tax-free package has a validity of 18 years from now- i.e. ending in 2038.<\/p>\n\n\n\n<p>For more information, keep visiting <a href=\"https:\/\/sirmaya.com\/\">sirmaya.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>3,141 Views The Gwadar Tax-free Package has been a crucial part of fiscal budget 2020-21 whose preliminary postulates were under discussion. Recently, the package has been officially announced with major &hellip; <\/p>\n","protected":false},"author":5,"featured_media":660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10,9,19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gwadar Tax-Free Package is now Live! Valid till 2038 | Sirmaya Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sirmaya.com\/blog\/gwadar-tax-free-package-is-now-live-valid-till-2038\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gwadar Tax-Free Package is now Live! 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Recently, the package has been officially announced with major &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sirmaya.com\/blog\/gwadar-tax-free-package-is-now-live-valid-till-2038\/\" \/>\n<meta property=\"og:site_name\" content=\"Sirmaya Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SirmayaOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-08T10:52:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-08T11:11:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.sirmaya.com\/blog\/wp-content\/uploads\/2020\/07\/blog-02.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1563\" \/>\n\t<meta property=\"og:image:height\" content=\"812\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@SirmayaCom\" \/>\n<meta name=\"twitter:site\" content=\"@SirmayaCom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aqsa Rafique\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.sirmaya.com\/blog\/#website\",\"url\":\"https:\/\/www.sirmaya.com\/blog\/\",\"name\":\"Sirmaya Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.sirmaya.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.sirmaya.com\/blog\/gwadar-tax-free-package-is-now-live-valid-till-2038\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.sirmaya.com\/blog\/wp-content\/uploads\/2020\/07\/blog-02.png\",\"contentUrl\":\"https:\/\/www.sirmaya.com\/blog\/wp-content\/uploads\/2020\/07\/blog-02.png\",\"width\":1563,\"height\":812},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.sirmaya.com\/blog\/gwadar-tax-free-package-is-now-live-valid-till-2038\/#webpage\",\"url\":\"https:\/\/www.sirmaya.com\/blog\/gwadar-tax-free-package-is-now-live-valid-till-2038\/\",\"name\":\"Gwadar Tax-Free Package is now Live! 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