Incentive Data

Exemption from tax on Dividend income and Capital gains for venture funds investing in Special Technology Zones.

53. Exemptions and tax concessions in the Second Schedule.—(1) The income or classes of income, or persons or classes of persons specified in the Second Schedule shall be

(a) exempt from tax under this Ordinance, subject to any conditions and to the extent specified therein;


            (103D) Dividend income and long term capital gains of any venture capital fund       from investments in zone enterprises as defined in clause (p) of section 2 of the      Special Technology Zones Authority Ordinance, 2020 for a period of ten years         commencing from issuance of licence by the Authority to the zone enterprise.


103D, Part I, Second Schedule, under section 53 of the Income Tax Ordinance 2021