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
No comments:
Post a Comment