THE SINDH FINANCE (AMENDMENT) ACT, 2015. SINDH ACT NO. XXV OF 2015.

PROVINCIAL ASSEMBLY O F SINDH NOTIFICATION KARACHI, THE 18TH MAY, 2015 NO.PAS/Legis-B-20/2015- 

The Sindh Finance (Amendment) Bill, 2015 having been passed by the Provincial Assembly of Sindh on 04th May, 2015 and assented to by the Governor of Sindh on 16th May, 2015 is hereby published as an Act of the Legislature of Sindh. 

THE SINDH FINANCE (AMENDMENT) ACT, 2015. SINDH ACT NO. XXV OF 2015. AN ACT to further amend the Sindh Finance Act, 2014. 

WHEREAS it is expedient to amend the Sindh Finance Act, 2014 in the manner hereinafter appearing; It is hereby enacted as follows:- Preamble. 

1. (1) This Act may be called the Sindh Finance (Amendment) Act, 2015. 

(2) It shall come into force at once. Short title and commencement. 2. In the Schedule to the Stamp Act, 1899, in its application to the Province of Sindh Act,2013, (a) In clause (9) and (ii) of Article 16(A, for column 1 and 2, the following shall be substituted:- “To and From Real Estate Investment Trusts (REITs). “2 percent in accordance with the valuation Table or 0.25 percent on market value whichever is higher” (b) After clause (iii) of Article 21, the following shall be added:- “(iv) Lease or Sub-lease to and from Real Estate Investment Trusts (TEITS). “1 percent in accordance with the valuation Table or 0.25 percent on Market value whichever is higher” Amendment of Schedule of Act II of 1899. 2 

3. (1) In the Sindh Finance Act,2014, in Section 2, in sub-section (iii) for clause (9) for the words “one percent of the market value of the property” the words “rates as applicable under section 4 of the Finance Act, 2010 or 0.5 percent on market value whichever is higher” shall be substituted; (2) In the said Act, in Section 2, in sub-section (iii) for clause (10) for the words “one percent of the market value of the property” the words “1 percent in accordance with the Valuation Table or 0.25 percent of the market value of the property whichever is higher” shall be substituted. Amendment of Sindh Finance Act, XVII of 2014. ______ 

 BY ORDER OF THE SPEAKER PROVINCIAL ASSEMBLY OF SINDH G.M.UMAR FAROOQ SECRETARY PROVINCIAL ASSEMBLY OF SINDH