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Ship Breakers

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China Announced Revisions to It Subsidy Program
Dec 12, 2013
China announced revisions to it subsidy program for companies breaking old transport ships and single-hulled tankers Monday, but industry insiders said this would do little to cut restrictions on what ships could be broken. "This will ...

Tags: Ship Breakers, Subsidy Scheme
The Federal Board of Revenue Will Apply Section 153 of The Income Tax Ordinance 2001
Dec 24, 2012
Business Recorder reported that the Federal Board of Revenue will apply Section 153 of the Income Tax Ordinance 2001 on the ship breaking industry and recover 3.5% withholding tax on sale of ship plates to steel re-rolling mills recovery of ...

Tags: Federal Board of Revenue, Income Tax Ordinance, withholding tax, steel

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