The Karachi Stock Exchange Limited’s all listed companies and issuers of listed securities/ exemption certificate no. 80 under section 153(4) of the income tax ordinance, 2001

Karachi, January 04, 2013 (PPI-OT): All the listed companies and issuers of the Listed securities are hereby informed that Federal Board of Revenue (FBR) has issued Tax Exemption Certificate to KSE (copy attached), in this respect, all listed companies and issuers of the listed securities are advised not to deduct tax on payments made to KSE against acquiring the services subject to tax deductions at source under Sub-Section (1) of Section 153 of the Income Tax Ordinance, 2001 upto June 30, 2013.

Exemption Certificate No. 80 U/S. 153 (4) of the Income Tax Ordinance, 2001

In exercise of the power conferred by sub-section (4) Section 153 of the Income Tax Ordinance, 2001 read with clause (xvii) of SRO 586(1)/91 dated 10-06-1991. It is hereby directed that no deduction of tax shall be made under sub-section (1) of Section 153 of the Income Tax Ordinance, 2001. In the case of M/S. Karachi Stock Exchange (Guarantee) Limited, Karachi holding National Tax Number # 34-01-0710853-2 from payments representing services rendered by it.

It is however, directed that tax already deducted under sub-section (1) of Section 153 of the Income Tax Ordinance, 2001 shall not be refunded to the tax payer but shall be deposited into Government Treasury.

For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk