Incentive Data

Exemption from Advance Tax on import of Aircraft & related items.

Income, or classes of income, or persons or classes of persons, enumerated below, shall be exempt from the operation of such provisions of this Ordinance, subject to such conditions and to the extent, as are specified hereunder:-

(92) The provisions of section 148 shall not apply to.—

 

PCT Code

 

Aircraft, whether imported or acquired on wet or dry lease

8802.4000

Maintenance kits for use in trainer aircrafts of PCT headings 8802.2000 and 8802.3000

Respective

headings

Spare parts for use in aircrafts, trainer aircrafts or simulators

Respective

headings

Machinery, equipment, and tools for setting up   maintenance, repair and overhaul (MRO) workshop by MRO company recognized by Aviation Division

Respective

headings

 

Operational tools, machinery, equipment and furniture and fixtures on one-time basis for setting up Greenfield airports by a company authorized by Aviation Division

Respective

headings

 

Aviation simulators imported by airline company recognized by Aviation Division”]

Respective

headings

 

 

 

Sources:

Section 92, Part IV Exemption from Specific Provisions, Sixth Schedule of the Sales Tax Act 1990

https://download1.fbr.gov.pk/Docs/2021841585948283SalesTaxAct,1990updatedupto30.06.2021.pdf