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Govt forms body to finalise tax Proposal seeks tax cut on EPC supply contract for Kohala, Azad Pattan projects Both the companies had raised the issue that at the time of announcement of the Policy for Power Generation Projects 2002, there was no tax on payments made to an offshore supply contractor. PHOTO: FILE ISLAMABAD: The government has formed a committee to finalise a proposal for reducing tax on offshore engineering, procurement and construction (EPC) supply contracts relating to 1,124-megawatt Kohala and 700MW Azad Pattan Hydropower Projects. At present, there is 2.1% withholding tax that has exposed companies to an additional tax and cost, according to a brief on the tax levy on offshore supply contracts prior to the Finance Act 2018 and changes in the tax regime enacted through the Finance Act 2018.

Jhelum riverPakistan generalNorth west frontierAzad jammuAzad pattanJustice divisionPower divisionNational electric power regulatory authority nepraEconomic coordination committeeChina gezhouba group companyChina three gorges corporationPower generation projectsFinance actCentral boardFederal boardKohala hydropower project