Exemptions under this section +

1. Inter-corporate dividend within the group companies entitled to group taxation under section 59AA subject to the condition that the return of the group has been filed for the latest completed tax year
2. Dividend paid to transmission Line Projects under Transmission Line Policy 2015.
3. Sarmaya-e-Pakistan Limited
4. Venture Capital Company
5. Dividends paid to:
   • China Overseas Ports Holding Company Limited;
   • China Overseas Ports Holding Company Pakistan (Private) Limited;
   • Gwadar International Terminal Limited;
   • Gwadar Marine Services Limited;
   • Gwadar Free Zone Company Limited for a period of twenty-three years.
6. Islamic Development Bank
7. Any person making payments to:
   • National Investment Unit Trust;
   • a Collective Investment Scheme;
   • Approved Pension Fund;
   • an Approved Income Payment Plan;
   • a REIT Scheme;
   • a recognized provident fund; or
   • an approved superannuation fund or an approved gratuity fund.
8. International Finance Corporation
9. Asian Development Bank
10. The ECO Trade and Development Bank
11. Coal Mining and Coal based Power Generation Projects in Sindh:
    The dividend income of the shareholders of such a project, from the date of commencement of business till 30 years from such date;
12. The persons mentioned in Table 1 of clause (66) of Part I of the Second Schedule as recipients of payment. Provided that such persons shall continue to perform functions as withholding and collecting agent under the aforesaid provisions