EXEMPTIONS DU REVENU TOTAL Les revenus ou catégories de revenus, ou les personnes ou catégories de personnes énumérées ci-dessous, sont exonérés d'impôt, dans les conditions et dans les limites stipulées ci-après: L'alinéa 1) omis par la Loi de finances de 2003 (1) Tout revenu imputable sous la rubrique «Sommaire» reçu par toute personne salariée de l'Institut international de gestion de l'irrigation (IIMI) au Pakistan, qui n'est ni un ressortissant du Pakistan ni un résident de l'une des quatre (2) Tout revenu imposable en vertu de la présente loi, à titre de rémunération perçue par une personne, ou due à cette personne, qui n'est pas un ressortissant du Pakistan ou un particulier résident, à titre de rémunération pour services rendus par lui Lui en tant que professionnel de la santé en vertu du contrat de service conclu avec l'Hôpital Shaukat Khanum Memorial et le Centre de recherche de Lahore et approuvé par le gouvernement fédéral aux fins de cette clause. (3) Tout revenu imputable à la personne salariée qui, n'étant pas ressortissant du Pakistan, est engagé à titre d'expert ou de conseiller technique, professionnel, scientifique ou de consultant ou de cadre supérieur par les institutions du Réseau de développement Agha Khan, (Pakistan) figurant à l'Annexe I de l'Accord et du Protocole daté du 13 novembre 1994, conclu entre le Gouvernement de la République islamique du Pakistan et le Réseau de développement Agha Khan. (4) Les revenus payables au titre du salaire perçu par un marin pakistanais travaillant sur un navire étranger ou sur des navires battant pavillon du Pakistan pendant au moins 183 jours au cours d'une année d'imposition, à condition que celui-ci soit remis au Pakistan au plus tard deux mois Année financière pertinente, par les voies bancaires normales. (5) Toute allocation ou indemnité payée ou autorisée comme telle en dehors du Pakistan par le Gouvernement à un citoyen du Pakistan pour avoir rendu des services en dehors du Pakistan. (6) Tout revenu imposable en vertu du chef de poste Le salaire reçu par une personne, n'étant pas ressortissant du Pakistan, en raison de son emploi au British Council. (8) Toute pension reçue par un ressortissant pakistanais d'un ancien employeur, sauf si la personne continue de travailler pour l'employeur (ou un associé de l'employeur). Pourvu que lorsque la personne reçoit plus d'une pension de ce type, l'exemption s'applique uniquement à la plus élevée des pensions reçues. I) reçus à l'égard de services rendus par un membre des forces armées du Pakistan ou du gouvernement fédéral ou d'un gouvernement provincial ii) accordés en vertu des règles pertinentes aux familles et aux personnes à charge de fonctionnaires ou de membres des forces armées du Pakistan qui: Meurent pendant le service. Avant la substitution par la Loi de finances de 2006, la clause 9 (9) se lisait comme suit: - 9) Toute pension reçue à l'égard d'un service rendu par un membre des Forces armées du Pakistan ou un employé du gouvernement fédéral ou d'un gouvernement provincial. Le paragraphe (10) a été omis par le projet de loi de finances 2006 qui se lisait comme suit: (10) Toute pension accordée à tout fonctionnaire auquel l'article (14) ne s'applique pas pour les blessures reçues dans l'exercice de ses fonctions. Clause 11 omise par le projet de loi de finances 2006 qui était précédemment libellée comme suit: (11) Toute pension accordée à tout fonctionnaire visé à l'alinéa (15) qui a été invalidé en raison d'une invalidité corporelle. (12) Tout paiement de la nature de la commutation de la pension reçue du gouvernement ou d'un régime de pension approuvé par la Commission centrale du revenu pour l'application de la présente clause. (13) Tout revenu représentant un paiement reçu à titre de gratification ou de commutation de pension par un employé à sa retraite ou, en cas de décès, par ses héritiers ne dépasse pas: (i) dans le cas d'un employé de Le gouvernement, une collectivité locale, un organisme légal ou une personne morale établie par une loi en vigueur, le montant à recevoir conformément aux règles et conditions des services aux employés, (ii) tout montant à recevoir de tout fonds de gratification approuvé par le (Iii) dans le cas de tout autre employé, le montant n'excédant pas deux cent mille roupies à recevoir dans le cadre d'un régime applicable à tous les employés de l'employeur et approuvé par le Conseil central de Les revenus pour l'application du présent sous-alinéa et iv) dans le cas d'un employé à qui le sous-alinéa (i), (ii) et (iii) ne s'appliquent pas, cinquante pour cent du montant à recevoir ou soixante-quinze À condition que rien dans la présente clause ne s'applique: a) à tout paiement qui n'est pas reçu au Pakistan; b) à tout paiement reçu d'une société par un administrateur de cette société qui n'est pas Un employé régulier de cette compagnie c) à tout paiement reçu par un employé qui n'est pas un particulier résident et à toute gratification reçue par un employé qui a déjà reçu une gratification du même employeur ou de tout autre employeur. 14) Toute pension accordée au personnel des Forces armées du Pakistan (y compris le personnel de la Force territoriale et du Service national du Pakistan) à l'égard de Blessures reçues dans l'exercice de leurs fonctions en tant que telles. (15) Toute pension accordée au personnel des forces armées du Pakistan (y compris le personnel de la force territoriale et du service national du Pakistan) a invalidé le service de ces forces en raison d'une incapacité corporelle imputable ou aggravée par ce service. (16) Les revenus provenant des familles et des personnes à charge des membres des forces armées du Pakistan appartenant aux forces armées du Pakistan, de la pension spéciale pour la famille, des pensions de dépendance ou de l'allocation pour enfants accordée en vertu des dispositions de l'instruction commune n 566. Les familles et les personnes à charge des «Shahheeds» appartenant aux forces armées civiles du Pakistan auxquelles s'appliqueraient les dispositions de l'instruction relative aux services communs n ° 566 s'ils appartenaient aux forces armées du Pakistan contre tout paiement semblable qui leur avait été fait. (18) omis par le projet de loi de finances 2006 qui était précédemment libellé comme suit: (18) Toute pension accordée en vertu des règles pertinentes aux familles et aux personnes à charge de fonctionnaires ou de membres des forces armées du Pakistan qui meurent pendant le service. (19) Toute somme représentant l'encaissement d'un congé préparatoire au départ à la retraite d'un membre des Forces armées du Pakistan ou d'un employé du gouvernement fédéral ou d'un gouvernement provincial. (20) Les revenus perçus par une personne à partir d'une annuité délivrée en vertu du régime de certificats de rente postale du Pakistan le 27 juillet 1977 ou après cette date, n'excédant pas dix mille roupies par an. (21) Tout revenu reçu par une personne d'une rente ou d'une rente émise (insérée par la Loi de finances, 2005 jusqu'au 30 juin 2005) par la State Life Insurance Corporation du Pakistan ou une compagnie d'assurance-vie enregistrée en vertu de l'article 3 Ordonnance sur les assurances, 2000 (XXXIX, 2000): Sous réserve que la présente clause ne s'applique pas à une partie des revenus qu'une personne reçoit d'une rente ou de rentes qui, de même que le revenu d'une ou de plusieurs rentes visées à l'alinéa 20) , Dépasse dix mille roupies par an. (22) Tout paiement d'un fonds de prévoyance auquel s'applique la Loi sur les fonds de prévoyance, 1925 (XIX de 1925). (23) Le solde accumulé dû et devenu payable à un employé participant à un fonds de prévoyance reconnu. (23A) Le solde accumulé jusqu'à 25 reçu du régime de retraite volontaire offert par un gestionnaire de fonds de pension en vertu des Règles du système des régimes de retraite volontaires de 2005 au moment des personnes admissibles: a) retraite ou b) incapacité de travail Ou d) le décès de ses survivants désignés. (24) Toute subvention de bienfaisance versée par le Fonds de bienfaisance aux employés ou aux membres de leur famille conformément aux dispositions de la Loi de 1969 sur la caisse de bienfaisance des employés et la Loi sur l'assurance collective de 1969. (25) Tout paiement d'une caisse de retraite approuvée, Décès d'un bénéficiaire ou en remplacement ou en commutation d'une rente ou par remboursement d'une cotisation au décès d'un bénéficiaire: (i) dans le cas d'un employé du gouvernement ou d'une collectivité locale ou d'un organisme légal ou (Ii) tout montant à recevoir de tout fonds de gratification approuvé par le commissaire conformément aux règles énoncées dans la partie III du présent règlement. Sixième Annexe iii) dans le cas de tout autre employé, le montant n'excédant pas deux cent mille roupies à recevoir en vertu de tout régime applicable à tous les employés de l'employeur et approuvé par le Conseil central du Revenu aux fins du présent alinéa et Iv) dans le cas de tout employé auquel les sous-clauses (i), (ii) et (iii) ne s'appliquent pas, cinquante pour cent du montant à recevoir ou soixante-quinze mille roupies, selon le moindre des deux montants suivants: Dans la présente sous-clause s'applique: a) à tout paiement qui n'est pas reçu au Pakistan; b) à tout paiement reçu d'une société par un administrateur de cette société qui n'est pas un employé régulier de cette société; c) Par un employé qui n'est pas un résident du Pakistan et d) à toute gratification reçue par un employé qui a déjà reçu une gratification du même employeur ou de tout autre employeur. (26) Tout revenu d'une personne représentant les sommes qu'il a reçues en tant que travailleur à même le Fonds de participation des travailleurs établi en vertu de la Loi de 1968 sur les bénéfices des sociétés (participation des travailleurs) (XII de 1968). (33) omise par la Loi de finances de 2003 qui se lisait déjà comme suit: (33) Tout revenu d'un officier représentant la somme qu'il a reçue sous la forme d'indemnité ordinaire lui est admissible au titre de la Division des finances O. M. N ° F.1 (3) - IMP-II85, en date du 24 octobre 1985. (34) Tout revenu d'un salarié d'une université reconnue au Pakistan représentant les sommes qu'il a reçues sous forme d'allocation ordonnée est admissible aux termes et conditions du (35) Tout revenu représentant l'indemnité compensatoire payable à un citoyen du Pakistan recruté localement dans la Mission du Pakistan à l'étranger n'excède pas 75% de son salaire brut. (36) omis par la Loi de finances de 2003 qui était précédemment libellée comme suit: (36) Tout revenu d'un fonctionnaire représentant la somme qu'il a reçue en tant que subvention au personnel individuel recevable auprès du Secrétariat du Cabinet (38) omise par le projet de loi de finances 2006 qui se lisait déjà comme suit: (38) Toute somme payée, pour satisfaire aux frais de gaz, d'eau et d'électricité, ou la valeur Du gaz, de l'eau et de l'électricité fournis gratuitement à un salarié jusqu'à concurrence de dix pour cent du minimum d'échelle de temps et, en l'absence d'échelle de temps, jusqu'à dix pour cent du traitement de base. (39) Toute allocation ou prestation spéciale (ne constituant pas une indemnité de divertissement ou de transport) ou toute autre prestation au sens de l'article 12 spécialement accordée pour couvrir les dépenses engagées entièrement et nécessairement dans l'exercice des fonctions d'un emploi lucratif. (40) Tout revenu d'un employé de journal représentant une indemnité de déplacement locale payée conformément à la décision de la troisième Commission de salaire des employés de journaux constituée en vertu de la Loi de 1973 sur les employés de journaux (conditions de service), publiée dans la Partie II de la Gazette du Pakistan (41) omise par la Loi de finances de 2003 qui était précédemment libellée comme suit: (41) La partie du revenu d'un membre des forces armées pakistanaises qui est obligatoirement payable par lui en vertu de toute autre loi (42) à (49) omis par le projet de loi de finances 2006 qui se lisait comme suit: (42) Toute somme reçue comme indemnité de vol par les pilotes, les ingénieurs de vol et les navigateurs employés par Toute compagnie aérienne pakistanaise ou par l'autorité de l'aviation civile. (43) Tout montant notifié comme indemnité de vol payable aux pilotes, aux ingénieurs de vol et aux navigateurs de la Force aérienne du Pakistan. (44) Tout montant notifié comme indemnité de vol payable aux pilotes, aux ingénieurs de vol et aux navigateurs de l'Armée du Pakistan et de la Marine pakistanaise. (45) Tout montant reçu sous forme d'indemnité de vol par des officiers subalternes ou d'autres rangs des Forces armées du Pakistan. (46) Tout montant notifié à titre d'indemnité sous-marine payable aux officiers de la Marine pakistanaise. (47) La valeur des rations délivrées en nature ou des indemnités en espèces payées en lieu et place des membres des forces armées ou des forces territoriales du Pakistan. (48) La valeur des quartiers occupés gratuitement ou des indemnités en espèces payées en lieu et place des membres des forces armées du Pakistan, y compris la force territoriale. (49) Allocation de subsistance accordée au lieu de la garde libre au personnel sous le grade commandé des forces armées et de la force territoriale du Pakistan. (50) omis par la Loi de finances de 2003 qui était précédemment libellée comme suit: (50) Paiement différé admissible au personnel des forces armées en vertu du nouveau Code de rémunération. (51) Le droit représenté par le Président du Pakistan, Les gouverneurs provinciaux et les chefs d'état-major, les forces armées du Pakistan d'occuper sans loyer comme lieu de résidence les locaux fournis par le gouvernement. (52) La prestation représentée par le transport gratuit fourni et l'indemnité suntuaire (divertissement) accordée par le gouvernement aux gouverneurs provinciaux, aux chefs d'état-major, aux forces armées du Pakistan et aux commandants du corps. (53) Les avantages et indemnités suivants fournis ou accordés par le Gouvernement aux Ministres du Gouvernement Fédéral, à savoir: (a) le logement gratuit dans la mesure où leur valeur dépasse dix pour cent du traitement de base des Ministres concernés B) l'indemnité de logement payée par le gouvernement en lieu et place d'un logement sans loyer dans la mesure où elle dépasse cinq cents et cinquante roupies par mois; c) le transport gratuit et d) l'allocation sommaire. (53A) Les avantages perçus par un employé en vertu de son emploi, à savoir: (i) le transport gratuit ou concessionnel fourni par des transporteurs, y compris les compagnies aériennes, à ses employés (y compris les membres de leur ménage et de leurs personnes à charge) (Iii) enseignement gratuit ou subventionné dispensé par un établissement d'enseignement aux enfants de ses employés (iv) traitement médical gratuit ou subventionné dispensé par un hôpital ou une clinique à ses employés et ) Toute autre prestation ou prestation pour laquelle l'employeur n'est pas tenu de supporter un coût marginal, tel que notifié par la Commission centrale du revenu. (55) Les prérogatives représentées par le droit d'un juge de la Cour suprême du Pakistan ou d'un juge de la Haute Cour d'occuper gratuitement, comme lieu de résidence, les locaux fournis par le gouvernement fédéral ou provincial, selon le cas, Ou dans le cas où un juge choisit de résider dans une maison non fournie par le gouvernement, tant de revenus qui représente la somme qui lui est versée comme allocation de location de maison. (56) Les avantages, avantages et indemnités perçus par un juge de la Cour suprême du Pakistan et un juge de la Haute Cour sont exonérés d'impôt. A) Les avantages indirects et les avantages découlant de l 'utilisation de la voiture officielle à la charge du Gouvernement. B) Allocation judiciaire supérieure payable à un juge de la Cour suprême du Pakistan et juge d'une Haute Cour. C) Indemnité de mutation payable à un juge de la Haute Cour. (2) Les prérogatives suivantes du juge de la Cour suprême du Pakistan et du juge de la Haute Cour sont également exonérées d'impôt pendant le service et à la date de la retraite. A) Les services d 'un conducteur et d' un. (B) 1000 (mille) appels téléphoniques locaux gratuits par mois. C) 1 000 unités d'électricité ainsi que (25 hm3 de gaz) par mois et la fourniture gratuite d'eau; et (d) 200 litres d'essence par mois. (3) Si, au cours du service, un juge décède, la veuve peut également bénéficier d'une exonération d'impôt sur les prestations et avantages accessoires fournis à la veuve, comme il est mentionné au paragraphe (2). (1) Les recettes provenant des contributions volontaires, des biens immobiliers et des placements dans des titres du gouvernement fédéral découlant des éléments suivants: i) la fiducie nationale d'investissement (unité) du Pakistan constituée par le National Investment Trust Limited, Quatre-vingt-dix pour cent de ses parts à la fin de cette année sont détenues par le public et pas moins de quatre-vingt-dix pour cent de son revenu de l'année est distribué aux porteurs de parts ii) un fonds mutuel approuvé par la Securities and Exchange Commission Du Pakistan et mis en place par la Société d 'Investissement du Pakistan, si au moins 90% de ses Certificats à la fin de cette année sont détenus par le public et pas moins de quatre - vingt - dix pour cent de son revenu de cette année est réparti entre les Détenteurs de certificats et (iii) Sheikh Sultan Trust, Karachi. (2) Tout revenu provenant d'un fonds commun de placement, d'une société d'investissement ou d'un organisme de placement collectif ou d'une fiducie de placement immobilier ou d'un fonds de capital-risque approuvé par la Securities and Exchange Commission ou la National Investment Trust Par le National Investment Trust Limited de tout instrument de capital rachetable au sens de l'Ordonnance sur les sociétés de 1984 (XLVII de 1984), si au moins quatre-vingt-dix pour cent de son revenu de cette année est réparti entre les porteurs de parts. (I) un fonds de prévoyance auquel s'applique la Loi sur les fonds de prévoyance, 1925 (XIX de 1925), (ii) les fiduciaires pour le compte d'un fonds de prévoyance reconnu ou d'un fonds de prévoyance approuvé Un fonds de bienfaisance ou un régime d'assurance collective approuvé par le Conseil central des revenus pour l'application de la présente clause; (iv) le fonds de services (v) l'établissement de prestations de vieillesse des employés créé en vertu de la Prestation de vieillesse des employés (Vii) tout fonds régimentaire d'épargne et d'épargne reconnu, dont l'actif consiste uniquement en dépôts effectués par les membres et en bénéfices provenant de leur placement viii) Un fonds de pension approuvé par la Securities and Exchange Commission du Pakistan en vertu des Règles du système des régimes de retraite volontaires, 2005 ix) tout bénéfice ou profit tiré par un gestionnaire de fonds de pension d'un fonds de pension approuvé en vertu du Règlement de 2005 sur les régimes de retraite volontaires (X) le solde accumulé jusqu'à concurrence de 25 provenant du régime de retraite volontaire offert par un gestionnaire de fonds de pension en vertu des Règles du système des régimes de retraite volontaires de 2005 à ce moment-là Des personnes admissibles: a) un départ à la retraite ou b) un handicap le rendant incapable de travailler ou c) le décès de ses survivants désignés. Explication. - Aux fins de la présente clause, on entend par fonds de service un fonds qui est établi sous l'autorité ou avec l'approbation du gouvernement fédéral dans le but: a) d'obtenir des rentes différées aux souscripteurs du paiement en cas de Leur départ du service dans lequel ils sont employés ou (b) en prenant des dispositions pour leurs épouses ou leurs enfants après leur décès ou (c) en effectuant le paiement à leur succession ou à leurs candidats à leur décès. (1) Les revenus d'une institution de fiducie ou d'aide sociale ou d'un organisme à but non lucratif visés aux alinéas (2) et (3) provenant de dons, de contributions volontaires, d'abonnements, de biens immobiliers, d'investissements dans les titres du gouvernement fédéral et Du revenu imputable sous la rubrique «Revenu de l'entreprise» tel qu'il est dépensé au Pakistan aux fins de l'exécution d'activités d'aide sociale: À condition que, dans le cas d'un revenu au titre de la tête, Ne doit pas excéder un montant qui porte sur le revenu de ladite tête, la même proportion que ledit montant porte sur l'ensemble des revenus desdites sources de revenus. (2) Une fiducie administrée en vertu d'un régime approuvé par le gouvernement fédéral en ce sens et établie au Pakistan exclusivement aux fins d'exercer les activités qui sont pour le bénéfice et le bien-être: (i) des ex-militaires et du personnel de service, Les employés civils des Forces armées et leurs personnes à charge ou (ii) les ex-employés et le personnel de service du gouvernement fédéral ou d'un gouvernement provincial et de leurs personnes à charge, lorsque ladite fiducie est administrée par un comité désigné par le gouvernement fédéral ou, Cas, un gouvernement provincial. (3) Une institution de fiducie ou d'aide sociale ou un organisme sans but lucratif approuvé par le commissaire régional à l'impôt sur le revenu (les mots «conseil d'administration central» remplacé par la loi de finances 2006) aux fins de la présente sous-clause. (59) Tout revenu provenant de placements dans des titres du gouvernement fédéral, le profit sur la dette des banques prévues (Substitué pour les institutions financières par la loi de finances, 2003). Une subvention reçue du gouvernement fédéral ou du gouvernement provincial ou des gouvernements de district, des subventions étrangères et des biens immobiliers détenus en fiducie ou d'autres obligations légales en totalité ou en partie à des fins religieuses ou de bienfaisance et est effectivement appliquée ou finalement réservée à leur application: Rien dans la présente clause ne s'applique à une partie des revenus qui ne sont pas dépensés au Pakistan: A condition en outre que si une somme sur le montant ainsi détaché est dépensée hors du Pakistan, elle est incluse dans le revenu total de l'année d'imposition en Qu'il est ainsi dépensé ou de l'année où il a été mis de côté, selon la plus élevée des deux, et les dispositions de l'article 122 ne s'appliquent à aucune évaluation faite ou à effectuer en vertu de cette réserve. Explication. - Nonobstant toute disposition de la loi Mussalman Wakf Validating Act de 1913 (VI de 1913) ou toute autre loi en vigueur ou dans l'acte relatif à la fiducie ou à l'institution, si un montant est mis de côté, dépensé ou décaissé Pour le maintien et le soutien en tout ou en partie de la famille, des enfants ou des descendants de l'auteur de la fiducie ou du donateur ou du fabricant de l'institution ou pour son propre entretien et soutien pendant sa vie, Des enfants, des relations ou des descendants ou pour le paiement de leurs dettes sur les revenus provenant de biens immobiliers dédiés, ou si une dépense n'est pas faite à des fins de bienfaisance, chaque dépense, disposition, mise à part, paiement ou décaissement Ne sont pas réputés, aux fins de la présente clause, être à des fins religieuses ou de bienfaisance. (60) Les revenus d'une institution religieuse ou de bienfaisance découlant de contributions volontaires qui s'appliquent uniquement à des fins religieuses ou de bienfaisance de l'institution: À condition qu'aucune disposition de la clause 61 ou de la présente clause ne s'applique aux revenus d'une fiducie religieuse privée qui ne Pas pour le bénéfice du public. (61) (sous réserve des dispositions de l'article 61 qui ne sont pas visées par la loi de finances de 2005). Tout montant versé à titre de don à l'institution, aux fondations, aux sociétés, aux conseils, aux fiducies et aux fonds suivants, à savoir: À condition que le montant ainsi versé ne dépasse pas: a) dans le cas d'un particulier ou d'une association de personnes, trente pour cent de l'assujetti Revenu de la personne pour l 'année; b) dans le cas d' une société, quinze pour cent du revenu imposable de la personne pour l 'année. (62) La partie du revenu total d'un contribuable qui est versée par lui au cours de l'année de revenu à titre de don à l'Association des hôpitaux nationaux de Liaquat, à Karachi: Sous réserve que le montant ainsi versé soit inclus dans le calcul du revenu total du contribuable: Pourvu en outre que le montant par lequel l'assujetti par un contribuable est réduit en raison de l'exonération en vertu de la présente clause est égal à la somme qui porte la même proportion à la somme exonérée d'impôt en vertu de la présente clause que l'impôt payable sur le revenu total Du contribuable porte sur ledit revenu total. (65) Les recettes provenant de dons faits par des sources non officielles ou privées au Pakistan au Waqf pour la recherche sur l'histoire, l'art et la culture islamiques, Istanbul, créée par le Centre de Recherche pour l'Histoire, l'Art et la Culture Islamiques (IRCICA). (66) Tout revenu tiré par i. Fondation Abdul Sattar Edhi, Karachi ii. Al-Shifa Trust, Rawalpindi. Iii. Fondation Bilquis Edhi, Karachi. Iv. Fondation Fatimid, Karachi. V. Hamdard Laboratories (Waqf) Pakistan. Vi. Société internationale de financement du commerce islamique. Vii. Société islamique pour le développement du secteur privé viii. National Memorial Bab-e-Pakistan Trust pour l'année d'imposition commençant le 1er juillet 1994 ou après cette date. Ix. Pakistan Agricultural Research Council, Islamabad. X. Conseil d'ingénierie du Pakistan xi. Les entités corporatistes de l'Autorité de développement de l'eau et de l'énergie du Pakistan depuis la date de leur création jusqu'à la date d'achèvement du processus de corporatization, c'est-à-dire jusqu'à ce que le tarif soit notifié. Xii. L'Institution of Engineers, Pakistan, Lahore. Xiii. Institutions du Réseau de développement d'Agha Khan (Pakistan) figurant à l'annexe 1 de l'Accord et du Protocole, datés du 13 novembre 1994, signés entre le Gouvernement de la République islamique du Pakistan et le Réseau de développement d'Agha Khan. Xiv. Liaquat National Hospital Association, Karachi. Xv. Le Conseil pakistanais de la recherche scientifique et industrielle. Xvi. L'Autorité pakistanaise chargée de l'aménagement de l'eau et de l'énergie, créée en vertu de la loi de 1958 sur l'Office pakistanais de développement de l'eau et de l'énergie (WP Act XXXI de 1958). Xvii. WAPDA First Sukuk Company Limited. Xviii. À condition que ces banques n'émettent pas de dividendes à leurs actionnaires et que leur bénéfice et gain (le cas échéant) ne soient utilisés que pour les opérations de microfinance. (66) Tout revenu des institutions du Réseau de développement Agha Khan (Pakistan) figurant à l'annexe 1 de l'Accord et du Protocole, daté du 13 novembre 1994, exécuté Entre le Gouvernement de la République islamique du Pakistan et le Réseau de développement Agha Khan. Clauses (68) à (71A) omises par le projet de loi de finances 2006 qui était précédemment libellé comme suit: (67) Tout revenu de l'Association des hôpitaux nationaux de Liaquat, à Karachi. (68) Les recettes provenant: (i) de la Fondation Abdul Sattar Edhi, de Karachi et (ii) de la Fondation Bilquis Edhi, de Karachi. (69) Tout revenu tiré par Al-Shifa Trust, Rawalpindi. (70) Tout revenu provenant de la Fondation Fatimid, Karachi. (71) Les revenus des laboratoires Hamadard (Waqf) Pakistan. (71A) Les recettes de la Fiducie nationale Memorial Bab-e-Pakistan Trust pour l'année d'imposition commençant le ou après le 1er juillet 1994. (72) Tout profit sur la dette payable à une personne non-résidente: À l'égard de ce prêt privé destiné à être utilisé sur ce projet au Pakistan et approuvé par le gouvernement fédéral aux fins de la présente clause, compte tenu du taux de profit et des modalités de remboursement du prêt et de la nature du projet sur lequel Ii) d'un prêt en devises contre une lettre de crédit d'exportation qui est utilisée exclusivement pour l'exportation de marchandises fabriquées ou transformées pour l'exportation au Pakistan; iii) est une personne physique, une société, une entreprise ou une association de personnes étrangères; À l'égard d'un prêt étranger tel qu'il est utilisé pour des investissements industriels au Pakistan, à condition que l'accord relatif à ce prêt soit conclu le 1er février 1991 ou après cette date et qu'il soit dûment enregistré auprès de la State Bank of Pakistan. Avant la substitution par le projet de loi de finances 2006, la clause 72 (72) se lit comme suit: - (72) Tout profit sur la dette payable à une personne non-résidente à l'égard de ce prêt privé qui sera utilisé au Pakistan Gouvernement pour l'application de la présente clause, compte tenu du taux de profit et des conditions de remboursement du prêt et de la nature du projet sur lequel il doit être utilisé. (73) omis par le projet de loi de finances 2006 qui se lisait comme suit: (73) Tout profit sur la dette payable à une personne non-résidente sur un prêt en devises contre une lettre de crédit d'exportation qui sert exclusivement à l'exportation de biens fabriqués ou Traitées pour les exportations au Pakistan. (74) Tout bénéfice tiré par Hub Power Company Limited le 1er juillet 1991 ou après cette date, sur ses dépôts bancaires ou ses comptes auprès d'institutions financières (remplacé par le terme «quotscheduled banks» par la loi de finances de 2005) Quotfinanciers par la loi de finances de 2003) directement liés aux opérations financières relatives aux opérations du projet. (74A) Tout bénéfice de la dette, payable à la Banque nationale du Pakistan, sur un prêt en devises de 100 millions de dollars américains, accordé à la Pakistan State Oil Company Limited (PSO) en vertu d'un accord conclu à Bahreïn le 29 mai 2001, (75) Tout revenu d'un organisme d'un gouvernement étranger, d'un étranger (société, entreprise ou association) De personnes), ou toute autre personne non-résidente approuvée par le gouvernement fédéral aux fins de la présente clause, à partir du profit sur des sommes empruntées en vertu d'un contrat de prêt ou à l'égard d'un instrument en devises approuvé par le gouvernement fédéral. Le paragraphe (76) a été omis par le projet de loi de finances 2006 qui se lisait comme suit: (76) Tout bénéfice sur la dette payable à une personne non-résidente est un particulier, une société, une société ou une association de personnes étranger, Pour les investissements industriels au Pakistan, à condition que l'accord relatif à ce prêt soit conclu le 1er février 1991 ou après cette date et qu'il soit dûment enregistré auprès de la State Bank of Pakistan. (77) Tout profit obtenu par une personne non-résidente (qu'il soit un ressortissant pakistanais ou autre) en ce qui concerne le mode de financement islamique, y compris istisna, morabaha, musharika. (78) Tout bénéfice tiré de comptes en devises détenus auprès de banques autorisées au Pakistan ou d'un certificat d'investissement émis par des banques d'investissement conformément au système de comptabilité en devises introduit par la Banque d'État du Pakistan par des ressortissants du Pakistan et des ressortissants étrangers résidant Étranger, association étrangère de personnes, sociétés enregistrées et opérant à l 'étranger et ressortissants étrangers résidant au Pakistan. (79) Any profit on debt derived from a rupee account held with a scheduled bank in Pakistan by a citizen of Pakistan residing abroad, where the deposits in the said account are made exclusively from foreign exchange remitted into the said account. (80) Any income derived from a private foreign currency account held with an authorised bank in Pakistan, or certificate of investment issued by investment banks in accordance with the Foreign Currency Accounts Scheme introduced by the State Bank of Pakistan, by a resident individual who is a citizen of Pakistan: Provided that the exemption under this clause shall not be available in respect of any incremental deposits made in the said accounts on or after the 16th day of December, 1999, or in respect of any accounts opened under the said scheme on or after the said date. (81A) Notwithstanding omission of clause (81), the existing holders of Foreign Currency Bearer Certificate shall continue to have the benefit of exemption till such certificates are encashed. (82) Any profit on Special US Dollar Bonds issued under the Special US Dollar Bonds Rules, 1998: Provided that the exemption under this clause shall not apply to profits on the said bonds purchased by a resident person out of any incremental deposits made in the foreign currency accounts on or after the 16th day of December, 1999, or out of new accounts opened on or after the said date. (83) Any profit on debt derived from Pak rupees account or certificates of deposit which have been created by conversion of a foreign currency account or deposit held on the 28th day of May, 1998, with a bank authorised under the Foreign Currency Accounts Scheme of State Bank of Pakistan: Provided that nothing contained in this clause shall apply to such Pak rupee account or certificates which are created out of foreign currency deposits which are not exempt under clause (78) and (80). Clause (87) omitted by Finance Act, 2003 which previously read as follows : quot(87) Any income derived by a non-resident person from foreign investment in 7th issue of Pak rupee denominated WAPDA Energy Bonds issued under the WAPDA Energy Bonds (7th Issue) Regulations, 1997.quot (88A) Notwithstanding omission of clause (88), the existing holders of Federal Government Securities and redeemable capital shall continue to have benefit of exemption till the maturity of the securities and redeemable capital. (90) Any profit on debt payable by an industrial undertaking in Pakistan - (i) on moneys borrowed by it under a loan agreement entered into with any such financial institution in a foreign country as may be approved in this behalf by the Federal Government by a general or special order and (ii) on moneys borrowed or debts incurred by it in a foreign country in respect of the purchase outside Pakistan of capital plant and machinery in any case where the loan or debt is approved by the Federal Government, having regard to its terms generally and in particular to the terms of its payment, from so much of the tax payable in respect thereof as exceeds the tax or taxes on income paid on such interest in the foreign country from which the loan emanated or in which the debt was incurred (hereinafter referred to as the said country): Provided that, where the amount of such tax or taxes paid in the said country exceeds the amount of the tax payable in Pakistan, no refund of the amount paid in excess shall be allowed: Provided further that, where the said country exempts such interest or allows credit against its own tax for the tax which would have been payable in Pakistan if the said interest were liable to tax in Pakistan, no tax shall be payable in Pakistan in respect of such interest. (91) Any income of a text-book board of a Province established under any law for the time being in force, accruing or arising from the date of its establishment. (92) Any income of any university or other educational institution established solely for educational purposes and not for purposes of profit. (93) Profits and gains derived by a taxpayer from the running of any computer training institution or computer training scheme, recognized by a Board of Education or a University or the University Grant Commission, as the case may be, set up between the first day of July, 1997, and the thirtieth day of June, 2005, both days inclusive, for a period of five years beginning with the month in which such institution is set up: Provided that a computer training institution or computer training scheme approved by the Central Board of Revenue before the first day of July, 2000 shall continue to avail exemption under this clause till the expiry of the specified period. (93A) Profits and gains derived by a taxpayer from the running of any vocational institute or technical institute or poly-technical institute, recognized by a Board of Technical Education or a university or any other authority appointed in this behalf by the Federal Government or a Provincial Government, as the case may be, set up between the first day of July, 2004, and the thirtieth day of June, 2008, both days inclusive, for a period of five years beginning from the tax year in which such institution is recognized. Clauses (95) to (97) omitted by Finance Bill 2006 which previously read as follows : (95) Any income derived by the Pakistan Council of Scientific and Industrial Research. (96) Any income derived by the Institution of Engineers, Pakistan, Lahore. (97) Income of Pakistan Agricultural Research Council, Islamabad. (98) Any income derived by any Board or other organization established (Words quotby Governmentquot omitted by Finance Act, 2003) in Pakistan for the purposes of controlling, regulating or encouraging major games and sports recognised by Government. (99) Any income derived by a mutual fund or an investment company registered under the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003, (substituted for Investment Companies and Investment Advisers Rules, 1971quot by Finance Act 2005) or a unit trust scheme constituted by an assets management company registered under the Assets Management Companies Rules, 1995, or a Real Estate Investment Trust approved and authorized under Real Estate Investment Trust Rules, 2006 established and managed by a REIT Management Company licensed under the Real Estate Investment Trust Rules, 2006, if not less than ninety percent of its accounting income of that year, as reduced by capital gains whether realized or unrealized, is distributed amongst the unit or certificate holders or shareholders as the case may be: Explanation. For the purpose of this clause the expression accounting income means income calculated under the Generally Accepted Accounting Principles and verified by the auditors. (99A) Profits and gains accruing to a person on sale of immovable property to a real estate investment trust upto thirtieth day of June, 2010. (100) Any income, not being income from trading activity, of a modaraba registered under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 (XXXI of 1980), for any assessment year commencing on or after the first day of July, 1999 : Provided that not less than ninety per cent of its total profits in the year as reduced by the amount transferred to a mandatory re serve, as required under the provisions of the said Ordinance or the rules made thereunder, as are distributed amongst the shareholders (Substituted for quotthereafterquot by Finance Act, 2003) . Provided further that with effect from the first day of July, 1999 for the purpose of determining the distribution of ninety per cent profits, the profits distributed through bonus certificates or shares to the certificate holders shall not be taken into account. (101) Profits and gains derived between the first day of July,2000 and the thirtieth day of June, 2014 (quot2007quot substituted by Finance Bill 2006) both days inclusive, by a venture capital company and venture capital fund registered under Venture Capital Companies and Funds Management Rules, 2000 and a Private Equity and Venture Capital Fund. (102) Any dividend received by the Investment Corporation of Pakistan from any other company which has paid or will pay tax in respect of the profits out of which such dividends are paid. (102A) Income of a person as represents a subsidy granted to him by the Federal Government for the purposes of implementation of any orders of the Federal Government in this behalf. (103) Any distribution received by a taxpayer from the National Investment (Unit) Trust or a collective Investment Scheme authorized or registered under the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003 or a Private Equity and Venture Capital Fund (substituted for a Mutual Fund established by the Investment Corporation of Pakistan or an investment company registered under the Investment Companies and Investment Advisor Rules, 1971 or a unit trust scheme constituted by an assets management company registered under the Assets Management Companies Rules, 1995) out of the capital gains of the said Trust or Fund on which tax has already been paid. (103A) Any income derived from inter-corporate dividend within the group companies entitled to group taxation under section 59AA. (104) Any income derived by the Libyan Arab Foreign Investment Company being dividend of the Pak-Libya Holding Company. (105) Any income derived by the Government of Kingdom of Saudi Arabia being dividend of the Saudi-Pak Industrial and Agricultural Investment Company Limited. Clauses (106) amp (106A) omitted by Finance Bill 2006 which previously read as follows : (106) Any income derived by the Pakistan Water and Power Development Authority, established under the Pakistan Water and Power Development Authority Act, 1958 (West Pakistan Act. No. XXXI of 1958). (106A) Any income derived by the corporatized entities of Pakistan Water and Power Development Authority from the date of their creation upto the date of completion of the process of corporatization i. e. till the tariff is notified. (107) Any income derived by any subsidiary of the Islamic Development Bank wholly owned by it and set up in Pakistan and engaged in owning and leasing of tankers. Clauses (108) amp (109) omitted by Finance Act, 2003 which previously read as follows : quot(108) Any income derived by the International Irrigating Management Institute (IIMI), Pakistan. (109) Any amount collected by the Civil Aviation Authority up to the thirty-first December, 1998, on account of security charges. quot (110) Any income chargeable under the head quotcapital gainsquot, being income from the sale of modaraba certificates or any instrument of redeemable capital as defined in the Companies Ordinance, 1984 (XLVII of 1984), listed on any stock exchange in Pakistan or shares of a public company as defined in sub-section (47) of section 2 (substituted for quotas defined in the First Schedulequot by Finance Act 2005) and the Pakistan Telecommunications Corporation vouchers issued by the Government of Pakistan, derived by a taxpayer upto tax year ending on the thirtieth day of June, 200 8 (substituted for 2007 by Finance Bill 2007). (110A) Any gain on transfer of a capital asset of the existing stock exchanges to new corporatized stock exchange, in the course of corporatization of an existing stock exchange. (110B) Any gain on transfer of a capital asset, being a membership right held by a member of an existing stock exchange, for acquisition of shares and trading or clearing rights acquired by such member in new corporatized stock exchange in the course of corporatization of an existing stock exchange. (111) Any income chargeable under the head capital gains, being income from the sale of shares of a public company derived by any foreign institutional investor as is approved by the Federal Government for the purpose of this clause. (113) Any income chargeable under the head quotcapital gainsquot, being income from the sale of shares of a public company set up in any Special Industrial Zone referred to in clause (126) (Substituted for quot(120)quot by Finance Act, 2003) of this Schedule, derived by a person for a period of five years from the date of commencement of its commercial production: Provided that the exemption under this clause shall not be available to a person from the sale of shares of such companies which are not eligible for exemption from tax under clause (126) (Substituted for quot(120)quot by Finance Act, 2003) . (114) Any income chargeable under the head quotcapital gainsquot derived by a person from an industrial undertaking set up in an area declared by the Federal Government to be a quotZonequot within the meaning of the Export Processing Zones Authority Ordinance, 1980 (IV of 1980). (114A) Any income chargeable under the head quotcapital gains: derived by a person from sale of ships and all floating crafts including tugs, dredgers, survey vessels and other specialized craft upto tax year ending on the thirtieth day of June 2011. Clause (115) omitted by Finance Act, 2003 which previously read as follows : quot(115) Any share of income received by a taxpayer out of capital gains on which tax has been paid by the firm of which he is a partner: Provided that exemption under this clause shall not apply in respect of any tax year commencing on or after the 1st day of July, 2002.quot (117) Any income derived by a person from plying of any vehicle registered in the territories of Azad Jammu and Kashmir, excluding income arising from the operation of such vehicle in Pakistan to a person who is resident in Pakistan and non-resident in those territories. Clause (120) omitted by Finance Bill 2006 which previously read as follows : (1) Profits and gains derived by a taxpayer from an industrial undertaking for a period of five years from the date of commencement of commercial production. (2) The exemption under this clause shall apply to an undertaking which is - (a) set up between the first day of July, 1994, and the thirtieth day of June,2000, both days inclusive (b) owned and managed by a company formed exclusively for operating the said industrial undertaking engaged in fruit processing and registered under the Companies Ordinance, 1984 (XLVII of 1984), and having its registered office in Pakistan and (c) is not formed by splitting up or the reconstruction or reconstitution of business already in existence or by transfer to a new business of any machinery or plant in Pakistan at any time before the commencement of the new business. Clause (121) omitted by Finance Act, 2003 which previously read as follows : quot(121) Profits and gains derived by an assessee from an industrial undertaking setup in an area declared by the Federal Government to be a quotZonequot within the meaning of the Export Processing Zones Authority Ordinance, 1980 (IV of 1980) for the assessment years 1998-1999, 1999-2000 and 2000-2001. However, exemption under this clause shall be restricted to the remaining period of exemption to which a company was entitled before the relevant amendments made by the Finance Act, 1996 (IX of 1996).quot (1) Profits and gains derived by a taxpayer from an industrial undertaking set up between the first day of July, 1995, and the 31st day of December, 2002, both days inclusive, for a period of ten years beginning with the month in which the undertaking is set up or commercial production is commenced, whichever is the later: Provided that the exemption under this clause shall not be available after the 31st January, 1996, except to such taxpayers, otherwise qualifying under this clause, who have established letters of credit for the import of plant and machinery for such industrial undertaking by the 31st January, 1996: Provided further that the extension in deadline from the 30th June, 1999, to the 31st December, 2002, shall not apply to those projects whose cases are sub judice and that the Federal Government shall decide such cases in accordance with the verdict of the apex Court. (2) The exemption under this clause shall apply to an industrial undertaking which fulfils the following conditions, namely :- (a) that it is set up in such area as may be notified by the Federal Government to be a Special Industrial Zone (b) that it is not formed by the splitting up, or the reconstruction or reconstitution of a business already in existence or by transfer to a new business of any machinery or plant used in a business which was being carried on in Pakistan at any time before the commencement of the new business (c) that it is owned and managed by a company formed exclusively for operating such industrial undertaking and registered under the Companies Ordinance, 1984 (XLVII of 1984), having its registered office in Pakistan and (d) that it is not engaged in the manufacture of arms and ammunition, security printing, currency and mint, high explosives, radioactive substances, alcohol (except industrial alcohol), cotton ginning, spinning (except as part of integrated textile unit), sugar manufacturing (white), flour milling, steel re-rolling and furnace, Tobacco industry, ghee or vegetable oil industry, plastic bags (including Polyropylene, and Polyethylene), beverages (excluding fruit juices), polyester industry, automobile assembly and cement industry. (126A) income derived by - (a) Gwadar Free Zone Company Limited (b) PSA Gwadar International Terminal Limited and (c) Gwadar Marine Services Limited, from Gwadar Port operations for a period of twenty years beginning from the year in which the company is set up or commercial operation is commenced, which ever is the later. Clause (129) omitted by Finance Act, 2003 which previously read as follows : (129) Any income of Saudi-Pak Industrial and Agricultural Investment Company Limited in Pakistan for a period of twenty years commencing with the thirty-first day of December, 1982. (a) of company registered under the Companies Ordinance 1984 (XLVII of 1984), and having its registered office in Pakistan, as is derived by it by way of royalty, commission or fees from a foreign enterprise in consideration for the use outside Pakistan of any patent, invention, model, design, secret process or formula or similar property right, or information concerning industrial, commercial or scientific knowledge, experience or skill made available or provided to such enterprise by the company or in the consideration of technical services rendered outside Pakistan to such enterprise by the company under an agreement in this behalf, or (b) of any other taxpayer as is derived by him, in the income year relevant to assessment year beginning with the first day of July, 1982 and any assessment year thereafter, by way of fees for technical services rendered outside Pakistan to a foreign enterprise under an agreement entered into in this behalf :- (i) such income is received in Pakistan by or on behalf of the said company or other taxpayer, as the case may be, in accordance with the law for the time being in force for regulating payments and dealings in foreign exchange and (ii) where any income as aforesaid is not brought into Pakistan in the year in which it is earned and tax is paid thereon, an amount equal to the tax so paid shall be deducted from the tax payable for the year in which it is brought into Pakistan and, where no tax is payable for that year or the tax payable is less than the amount to be deducted, the whole or such part of the said amount as is not deducted shall be carried forward and deducted from the tax payable for the year next following and so on. (132) Profits and gains derived by a taxpayer from an electric power generation project set up in Pakistan on or after the 1st day of July, 1988. The exemption under this clause shall apply to such project which is - (a) owned and managed by a company formed for operating the said projectand registered under the Companies Ordinance, 1984 (XLVII of 1984), and having its registered office in Pakistan (b) not formed by the splitting up, or the reconstruction or reconstitution, of a business already in existence or by transfer to a new business of any machinery or plant used in a business which was being carried on in Pakistan at any time before the commencement of the new business and (c) owned by a company fifty per cent of whose shares are not held by the Federal Government or Provincial Government or a local authority or which is not controlled by the Federal Government or a Provincial Government or a local authority: Provided that the condition laid down in sub-clause (a) shall not apply to the Hub Power Company Limited: Provided further the exemption under this clause shall not apply to any oil fired power plants set up between 22nd October, 2002 and 30th June, 2006 (words quoton or after 22nd October, 2002quot s ubstituted by Finance Bill 2006). but shall apply to Dual Fuel (OilGas) power projects set up on or after the first Septemebr, 2005 Provided further that the exemption under this clause shall be available to companies registered in Pakistan or Azad Jammu and Kashmir owning and managing Hydel Power Projects, set up in Azad Jammu and Kashmir or Pakistan. (132A) Payments made on or after the first day of July, 1991, for the supply of plant, equipment and machinery to Hub Power Company Limited by a non-resident being a foreign individual, company, firm or association of persons. (133) Income from exports of computer software or IT services or IT enabled services upto the period ending on 30th day of June, 2016. Explanation.- For the purpose of this clause - (a) IT Services include software development, software maintenance, system integration, web design, web development, web hosting, and network design, and (b) IT enabled services include inbound or outbound call centres, medical transcription, remote monitoring, graphics design, accounting services, HR services, telemedicine centers, data entry operations. locally produced television programs and insurance claims processing. Clause (133) substituted by Finance Act, 2003 which previously read as follows : quot(133) Income from export of computer software and its related services developed in Pakistan: Provided that the exemption under this clause shall not be available after the 30th day of June, 2016.quot (133A) Any income derived by an individual from transfer of his membership rights or shares of a stock exchange in Pakistan along with a room in the Stock Exchange to a company at any time between the first day of July, 2005, and the thirtieth day of June, 2008 (substituted for 2007 by Finance Act 2007). (quot2006quot substituted by Finance Bill 2006) Clause (134) omitted by Finance Act, 2003 which previously read as follows : quot(134) Any amount received on encashment of any certificate issued in pursuance of the US Dollar Bearer Certificate Rules, 1991: Provided that exemption under this clause shall not be available in respect of certificates purchased on or after the 15 June, 1995.quot (135) Any amount received on encashment of Special US Dollar Bond issued under the Special US Dollar Bonds Rules, 1998. (136) Any income of a special purpose vehicle as defined in the Asset Backed Securitization Rules, 1999 made under the Companies Ordinance, 1984 (XLVII of 1984): Provided that, if there is any income which accrues or arises in the accounts of the special purpose vehicle, after completion of the process of the securitization, it shall be returned to the Originator as defined by the said rules within the income year next following the year in which the income has been determined and such income shall be taxable in the hands of the Originator. Clause (137) omitted by Finance Bill 2006 which previously read as follows : (137) Income of Fugro Geodetic Limited from execution of contract with the Government of Pakistan for survey for the establishment of the Continental Shelf of Pakistan. Clause (137) omitted by Finance Act, 2003 which previously read as follows : quot(137) Payments made on or after the first day of July, 1991, for the supply of plant, equipment and machinery to Hub Power Company Limited by a non-resident person. quot (138) Any income referred to in Section 3.4 (a) of the Facilitation Agreement between the President of the Islamic Republic of Pakistan and the taxpayer purchasing the Kot Addu Power Station from Pakistan Water and Power Development Authority for a period of ten years from 28th June, 1996 provided, however, that the exemption under this clause shall only be available subject to the business of the said taxpayer being restricted to owing and operating the Kot Addu power station. (a) The benefit represented by free provision to the employee of medical treatment or hospitalization or both by an employer or the reimbursement received by the employee of the medical charges or hospital charges or both paid by him, where such provision or reimbursement is in accordance with the terms of employment: Provided that National Tax Number of the hospital or clinic, as the case may be, is given and the employer also certifies and attests the medical or hospital bills to which this clause applies (b) any medical allowance received by an employee not exceeding ten per cent of the basic salary of the employee if free medical treatment or hospitalization or reimbursement of medical or hospitalization charges is not provided for in the terms of employment or Sub-clause (c) omitted by Finance Bill, 2006 which previously read as follows . (c) any amount paid during a year by a taxpayer, being a resident individual, by way of personal expenditure on medical service to the extent of ten per cent of taxable income declared in his return of income for the said tax year or thirty thousand rupees - whichever is the less: Provided that the receipts of such expenditure bearing name, National Tax Number and complete address of the medical practitioners are furnished along with his return of income. Clause (139) substituted by Finance Act, 2003 which previously read as follows. (a) Any benefit, reimbursement received by an employee on account of medical charges or hospital charges, or both, incurred by an employee, as provided for under the terms of the employees employment agreement or where such benefit for reimbursement, medical charges or hospital charges, or both are not provided for under the terms of employments agreement, medical allowance to maximum of 10 of the basic pay for the year: Provided that National Tax Number of the hospital or clinic, as the case may be, is given and the employer also certifies and attests the medical or hospital bills to which this clause applies or (b) Any amount paid by a taxpayer, being an individual and resident in Pakistan, by way of personal expenditure on medical service, to the extent of 10 of taxable income returned in return of income or Rs 30,000 whichever is lower. Provided that the receipts in respect of such expenditure being name, National Tax Number and complete address of the medical practitioners are furnished along with his return of income. quot REDUCTION IN TAX RATES Incomes or classes of income, or persons or classes of persons, enumerated below, shall be liable to tax at such rates which are less than the rates specified in the First Schedule, as are specified hereunder: clause (1) omitted by Finance Act 2005 which previously read as followsquot - (1) The rates of income tax (Words quotand super taxquot omitted by Finance Act, 2003), as specified in the First Schedule and as applicable to the profits and gains derived by a resident company from an undertaking setup between the First day of July, 1981 and the Thirtieth day of June, 1998, both days inclusive, and engaged in the exploration and extraction of such mineral deposits, other than petroleum, as is (Substituted for quotmay bequot by Finance Act, 2003) specified by the Federal Government by a notification in the Official Gazette, shall be reduced by 50 for a period of five years immediately next following the period of five years from the date of commercial production. (2) Any income of persons whose profits or gains from business are computed under the Fifth Schedule to this Ordinance as is derived from letting out to other similar persons any pipeline for the purpose of carriage of petroleum shall be charged to tax at the same rate as is applicable to such persons in accordance with the provisions of the said Schedule. (3) The tax in respect of income from (word quotengineering contractingquot omitted by Finance Act 2005) services rendered (quotor construction contractsquot omitted by Finance Act 2007) outside Pakistan shall be charged at the rate of one per cent of the gross receipts, provided that such receipts are brought into Pakistan in foreign exchange through normal banking channel. (3A) The tax in respect of income from construction contracts out side Pakistan shall be charged at the rate of one per cent of the gross receipts provided that such income is brought into Pakistan in foreign exchange through normal banking channel Clause (4) omitted by Finance Act, 2003 which previously read as follows. quot(4) In the case of an industrial undertaking set up in an area declared by the Federal Government to be a quotZonequot within the meaning of the Export Processing Zones Authority Ordinance, 1980 (IV of 1980), the income, profits and gains of such undertaking accruing or arising after the expiry of the period of exemption under clause (132) of Part I shall be charged to tax for a period of five years thereafter at the rate equal to twenty-five per cent of the rates specified in the First Schedule: Provided that nothing contained in this clause shall apply in respect of undertakings whose period of exemption under clause (124) of Part I will expire after the 30th June, 1997.quot (5) The tax chargeable in respect of commission received by an export indenting agent or an export buying house shall be at the rate equal to the rate of tax applicable to the exporter on export of goods to which such commission relates. (5A) The rate of withholding tax in respect of payments for profit on debt payable to a non-resident person, having no permanent establishment in Pakistan, shall be the rate as provided in Avoidance of Double Taxation Treaty of the respective country of the non-resident. (5B) The tax in respect of capital gains derived by a person from the sale of shares or assets by a private limited company to Private Equity and Venture Capital Fund shall be charged at the rate of ten per cent of such gains. (6) In the case of resident person the profit on Special US Dollar Bonds purchased out of any incremental deposits made in the existing foreign currency accounts on or after the 16th day of December, 1999, or out of new accounts opened on or after the said date, shall be liable to deduction of income tax under clause (c) of sub-section (1) of section 151 at the rate of 10 per cent of the amount of the said profit. clause ( 7) omitted by Finance Act 2005 which previously read as followsquot - (7) In case of any resident individual, the tax from profit or interest of any National Savings (Substituted for quotSavingquot by Finance Act, 2003) Schemes of Directorate of National Savings or Post Office Savings (Substituted for quotSavingquot by Finance Act, 2003) Account in which investment is made on, or after, the first day of July, 2001, shall be deducted at the rate of ten percent of such profit or interest. Proviso omitted by Finance Act, 2003 which previously read as follows. quotProvided that no tax shall be deducted from income or profits paid on - (a) Defence Savings Certificates, Special Savings Certificates Savings Accounts or Post Office Savings Account, made on, or after, the first day of July, 2001, where such deposit does not exceed one hundred and fifty thousand rupees and (b) Investment in Monthly income saving Accounts Scheme of Directorate of National Savings on, or after, the first day of July, 2001, where monthly installment in an account does not exceed one thousand rupees. quot clause ( 8 ) omitted by Finance Act 2005 which previously read as followsquot - (8) In the case of Daewoo Corporation, Seoul, Korea (hereinafter referred to as the Contractor), payments received in full or in part (including a payment by way of an advance) in pursuance of the contract agreements made with the National Highway Authority on the thirtieth day of December, 1991, for design and construction of Lahore - Islamabad Motorway shall be deemed to be the income of the Contractor and charged to tax at the rate of three per cent of such payments which shall constitute final discharge of his tax liability under this Ordinance and the Contractor shall not be required to file the return of income under section 114. (9) Tax under section 148 shall be collected at rate of the 1 on import of all fibers, yarns and fabrics excluding pure cotton or its yarn or its fabrics. before substitution by Finance Act 2005 clause (9) read as follows:- (9) Tax shall be collected at 34th of the rate applicable under section 148 on the goods imported under the Afghan Transit Trade Agreement, 1965, and subject to Notification SRO 368(I)95, dated the 2nd May, 1995. (9A) Tax under section 231B shall be collected at the rate of two and a half per cent at the time of sale of motor car and the withholding tax agents (manufacturer or authorized dealer), irrespective of the date of booking or advance payment made by the purchaser, shall collect advance tax where sale invoice is issued and delivery of motor car is made after 31st August 2007. (10) In the case of Ms Fauji Foundation and Army Welfare Trust, so much of the income chargeable under the head quotIncome from business quot as is not exempt under clause (58) of Part I, shall be charged to tax at the rate of 20 of such income. Clauses (11) amp (12) omitted by Finance Bill 2006 which previously read as follows:- (11) In the case of a non-resident OampM Contractor payments, received in full or in part including a payment by way of an advance, for the operation and maintenance of a private sector power project and transmission line projects approved by the Federal Government shall be deemed to be the income of the said OampM Contractor and charged to tax at the rate of five per cent of such payments for a period of three years beginning with the date of commencement of companys operations which shall constitute the final discharge of tax liability by the OampM Contractor under this Ordinance in respect of the said project. (12) In the case of consortium of Ms. STFA Construction Company of Turkey and Ms. JDN of Belgium (hereinafter referred to as the contractor) all payments received in pursuance of the contract agreement No. CEN-12693, made with the Ormara Naval Harbour Project Board, on the fourteenth day of June, 1993, for the construction of a Naval Harbour at Ormara (including off-shore and land development works), chargeable to tax in any assessment year, shall be deemed to be the income of the contractor and charged to tax at the rate of three per cent which shall constitute final discharge of contractors tax liability under this Ordinance. (13) Tax under section 148 shall be collected at the rate of 1 on imports of capital goods and raw material imported exclusively for its own use by a manufacturer registered with Sales Tax Department. before substitution by Finance Act 2007 clause (13) read as follows:- (13) Tax under section 148 shall be collected in the case of edible oils at the rate of 3 and in the case of condemned ships imported for the purpose of breaking at the rate of 1 of the import value as increase by customs-duty and sales tax, if any, levied thereon before substitution by Finance Act 2005 clause ( 13) read as follows:- (13) In respect of any edible oils imported, the tax under section 148 shall be collected at the rate of three per cent of the value of such edible oils as increased by customs-duty and sales tax, if any, levied thereon. (13A) In respect of phosphatic fertilizer imported and specified in Notification No. S. R.O.609 (I) 2004, dated 16th July, 2004 tax under section 148 of the Income Tax Ordinance 2001 shall be collected at the rate of 1 of its import values as increased by customs duty, sales tax and federal excise duty. if any, levied thereon. (13B) In respect of goods falling under HS Code 801.1100, 801.3200, 802.1200, 802.9010, 902.4010, 902.4090, 2101.1110, 2101.1120, 0902.2000, 904.1110, 907.0000, 908.1000, 3702.3100, 3705.2000, 3707.9000, 4011.2090, 50.04, 50.05, 50.06, 6301.1000, 8204.0000, 8301.1000, 8511.1000, 8525.4000, 8529.9010 and 9004.1000 of the First Schedule to the Customs Act, 1969 (IV of 1969), imported, the tax under section 148 shall be collected at the rate of 2 of its import value as increased by customs duty, sales tax and federal excise duty. if any, levied thereon. (13C) In respect of manufacturers of cooking oil or vegetable ghee or both, the rate of income tax on purchase of locally produced edible oil shall be 1 of the purchase price. (13D Omitted by the Finance Ordinance Act, 2005) (13D) In respect of import of polyester yarnfibre of all types, the tax under section 148 shall be collected at the rate of two per cent of the value of such items as increased by customs-duty and sales tax, if any, levied thereon. (13E) In respect of potassic fertilizers imported in pursuance of economic Coordination committee of the Cabinets decision No. ECC-155122004 dated the 9th December, 2004 the tax under section 148 of the Income Tax Ordinance, 2001 shall be collected at the rate of one percent of its import value as increased by customs-duty and sales tax, if any, levied thereon. (13F Omitted by SRO 1037(I) 2005 dated 14th October 2005 (13F) In respect of import of blankets (acrylic) (words quotand acrylic yarn of 32 to 40 metric count if imported for self consumption by blanket manufacturesquot omitted by the Finance Ordinance Act, 2005). the tax under section 148 of the Income Tax Ordinance, 2001 shall be collected at the rate of two percent of the value of such items as increased by customs-duty and sales tax, if any, levied thereon. (13G) Tax under section 148 on the following items shall be collected 1 of their import value as increased by customs duty, sales tax and federal excise duty. if any levied thereon: i. Capital goods x. Trucks in CBU condition having Gross Vehicle Weight exceeding 5 tons classified under PCT headings 87.01, 8704.3290 and 8704.9090 xi. Dump trucks classified under PCT heading 8704 xii. Fully dedicated CNG buses (CBU) classified under PCT heading 8702.1090 and 8702.9090 and agricultural tractors classified under PCT heading 8701.9020 xiii. medical, surgical, dental or veterinary machineryequipment, fixtures, fittings, furniture and diagnostic kits not manufactured locally covered by SRO 575(i)2006 dated 05.06.2006 under the Customs Act, 1969 xiv. equipments relating to call centers not manufactured locally covered by SRO 575(i)2006 dated 05.06.2006 under the Customs Act, 1969 xv. Disinfectants used in poultry business covered by SRO 567(i)2006 dated 05.06.2006 under the Customs Act, 1969 xvi. pre-fabricated structures for poultry farms covered by SRO 567(i)2006 dated 05.06.2006 under the Customs Act, 1969 xvii. live stock and raw materials and intermediaries goods as used in the manufacture of packing material for the packing of dairy products covered by SRO 567(i)2006 dated 05.06.2006 under the Customs Act, 1969 xviii. ripening chambers, hot water treatment plant, vapor hot treatment plant, modern cold storage, packing machinery, power generating sets of 10 25 KVA and battery operated fork lift trucks used in horticulture and floriculture business covered by SRO 575(i)2006 dated 05.06.2006 under the Customs Act, 1969 xix. processing and packing machineryequipment required for fish farming covered by SRO 575(i)2006 dated 05.06.2006 under the Customs Act, 1969 xx. medicines for cancer, drugs used for kidney dialysis and kidney transplant, all type of vaccines for Hepatitis, Interferon and other medicines for Hepatitis, all vaccinesanti-sera, cardiac medicines, injection anti-D Immunoglobulin, blood bags CPDA.1, all medicines for HIVAIDS and all medicines for Thalassemia covered by SRO 567(i)2006 dated 05.06.2006 under the Customs Act, 1969 xxi. Broadcasting equipments covered by SRO 575(i)2006 dated 05.06.2006 under the Customs Act, 1969 xxii. News print covered by SRO 567(i)2006 dated 05.06.2006 under the Customs Act, 1969 xxiii. Computer hardware, parts and accessories of items classified under PCT heading 8471. (XXIV) Condemned ships for the purpose of breaking. Explanation.- Capital goods mean any plant, machinery, equipment, spares and accessories, classified in Chapters 84, 85 or any other Chapter of the Pakistan Customs Tariff, required for,- (i) the manufacture or production of any goods, and includes refractory bricks and materials required for setting up a furnace, catalysts, machine tools, packaging machinery and equipment, refrigeration equipment, power generating sets and equipment, instruments for testing, research and development, quality control, pollution control and the like (ii) use in mining, agriculture, fisheries, animal husbandry, floriculture, horticulture, live stock, dairy and poultry industry (iii) service sector as defined in Customs Act, 1969 This clause shall supercede clause (iv) of SRO.593(I)91 dated 30th June, 1991 before substitution by Finance Bill 2006 clause (13G) read as follows:- (13G) In respect of re-meltable and re-rollable scrap, the tax under section 148 shall be collected at the rate of one per cent of the value of such goods as increased by customs-duty and sales tax, if any, levied thereon. (13H) Tax under section 148 on the following items shall be collected 2 of their import value as increased by customs duty. Federal Excise Duty and sales tax, if any levied thereon: (i) raw material for steel industry including remeltable and re-rollable scrap (ii) raw material for manufacturer of poultry feed (iv) edible oils including crude oil imported as raw material for manufacture of ghee or cooking oil (v) Energy saver lamps PCT heading 8539.10 (vi) Bitumen PCT heading 2714 (vii) Fixed Wireless Terminal PCT heading 8525.2040 (viii) Pesticides and wedicides (14) Tax shall be deducted under section 154 at the rate of 0.75 from foreign exchange proceeds on account of exports of - (i) rice marketed under a brand name up to five kilograms packs ( ii) canned and bottled fish including sea-food and other food items and (iii) precious and semi-precious stones whether uncut, cut, or polished. (15) Tax shall be deducted under section 154 at the rate of 0.75 from foreign exchange proceeds on account of exports of fish and fisheries products packed in retail packs of five hundred grams to two kilograms. (16) In the case of a non-resident company, rate of deduction of tax under section 150 on dividends received from a company engaged exclusively in mining operations, other than petroleum, shall be 7.5 per cent of the gross amount of dividend. (17) The rates of tax as specified in Division III of Part-I of First Schedule shall be reduced to 7.5 in case of dividends declared or distributed by purchaser of a power project privatized by WAPDA. (18) In the case of a modaraba the rate of income tax shall be 25 of total income excluding such part of total income to which Division III of Part I of the First Schedule or section 153 or section 154 applies. (19) In respect of tax year commencing on or after first July, 2002, the rate of income tax in respect of income of amalgamated company for its different businesses shall be the same as applicable to such businesses in the relevant tax year for the tax year in which amalgamation takes place and two tax years next following. (20) The rates of tax as specified in clause (b) of Division-III of Part-I of First Schedule shall be reduced to 7.5 in case of dividend declared or distributed on shares of a company set up for power generation. (21) In the case of any resident person engaged in the business of shipping, a presumptive income tax shall be charged in the following manner, namely:- (a) ships and all floating crafts including tugs, dredgers, survey vessels and other specialized craft purchased or bare-boat chartered and flying Pakistan flag shall pay tonnage tax of an amount equivalent to one US per gross registered tonnage per annum and (b) ships, vessels and all floating crafts including tugs, dredgers, survey vessels and other specialized craft not registered in Pakistan and hired under any charter other than bare-boat charter shall pay tonnage tax of an amount equivalent to fifteen US cents per tonne of gross registered tonnage per chartered voyage provided that such tax shall not exceed one US per tonne of gross registered tonnage per annum: Provided that the reduction under this clause shall not be available after the 30th June, 2020. Explanation.- For the purpose of this clause the expression equivalent amount means the rupee equivalent of a US dollar according to the exchange rate prevalent on the first day of December in the case of a company and the first day of September in other cases in the relevant assessment year. clause (22) omitted by Finance Act 2007 (22) In respect of companies getting enlisted on any stock exchange in Pakistan during the period first July, 2005 to thirtieth June, 2006, the rate of income tax shall be reduced by 1. (23) In respect of Urea fertilizer imported, the tax under section 148 shall be collected at the rate of 1 of its import value as increased by customs duty, sales tax and federal excise duty. if any levied thereon. (24) In respect of pulses imported, the tax under section 148 shall be collected at the rate of two per cent of the value of such pulses as increased by customs duty, sales tax and federal excise duty. if any, levied thereon. clause (25) omitted by Finance Act 2007 (25) Services of stitching, dying, printing, embroidery and washing rendered or provided to an exporter or an export house shall be treated as export and chargeable to tax at the rate equal to the rate of tax applicable to the exporter on export of sizing, weaving goods to which such services relate as specified in Division IV of Part III of the First Schedule. (26) The rate of tax as specified in Division II of Part IV, of the First Schedule, in case of advertising agents, shall be 5 of the amount of the payment. clause (27) omitted by Finance Act 2007 (27) The rate of withholding tax. as specified in Division III of Part III of the First Schedule, in respect of payment on account of transportation of goods through goods transport vehicles shall be two per cent of gross amount of the payment with effect from July1,2006. REDUCTION IN TAX LIABILITY Income, or classes of income, or person or classes of person, enumerated below, shall be allowed reduction in tax liability to the extent and subject to such conditions as are specified hereunder:- (1) Any amount received as flying allowance by - (a) pilots, flight engineers and navigators of Pakistan Armed Forces, Pakistani Airlines or Civil Aviation Authority and (b) Junior Commissioned Officers or other ranks of Pakistan Armed Forces shall be taxed 2.5 as a separate block of income. clause (1) omitted by Finance Act 2005 which previously read as follows:- (1) The Income Tax liability on income of salaried taxpayers, where any income chargeable under the head salary exceeds 50 of taxable (Substituted for quottotalquot by Finance Act, 2003) income as determined under clause 1 amp 2 of Division-I of Part-I of the First Schedule, shall be reduced at the following rates:- (1A) Where the taxable income, in a tax year, of a taxpayer aged 60 (quot65quot substituted by Finance Bill 2006) years or more on the first day of that tax year does not exceed 400,000 (substituted for words quotthree hundred thousandquot by Finance Act 2005) rupees, his tax liability on such income shall be reduced by 50. (2) The tax payable by a full time teacher or a researcher, employed in a non profit education or research institution duly recognized by Higher Education Commission, a Board of Education or a University recognized by the Higher Education Commission, including government training and research institution, shall be reduced by an amount equal to 75 of tax payable on his income from salary. before substitution by Finance Bill 2006 clause (2) read as follows:- (2) in addition to the reduction specified in sub-clause (1), the tax payable by a full time teacher or a researcher, employed in a non profit education or research institution including government training and research institution duly recognized by a Board of Education or a University or the Higher Education Commission (substituted for words quot University Grants Commission quot by Finance Act 2005) . shall be further reduced by an amount equal to 75 (substituted for quot50quot by Finance Act 2005) of the tax payable after the aforesaid reduction. (2) The amount of tax payable, in a year in which the rupee is revalued or devalued, by a taxpayer whose profits or gains are computed in accordance with the rules contained in the Fifth Schedule to this Ordinance and who had entered with the Government into an agreement which provides for such reduction, shall be reduced to the amount that would be payable in the absence of the revaluation or devaluation of the rupee. (3) Where any company engaged in the business of distribution of cigarette manufactured in Pakistan is required to pay minimum tax on the amount representing its turnover under section 113, the amount of tax payable under the said section shall be reduced by eighty per cent. (4) In respect of old and used automotive vehicles specified in Notification No. S. R.O. 932(I)2004 dated the 20th November, 2004, the tax under section 148 of the Income Tax Ordinance, 2001, shall not exceed the amount specified in column (3) of the Table below, namely:- EXEMPTION FROM SPECIFIC PROVISIONS Income, or classes of income, or persons or classes of persons, enumerated below, shall be exempt from the operation of such provisions of this Ordinance, subject to such conditions and to the extent, as are specified hereunder: - Clause (1) omitted by Finance Act, 2003 which previously read as follows : quot(1) The provisions of clause (k) of section 21 shall not apply to any expenditure incurred by a banking company or a financial institution owned and controlled by the Federal Government on the provisions of perquisites, allowances or other benefits to any employee in pursuance of any law. quot (2) In the case of losses referred to in section 57 in respect of an industrial undertaking set up in an area declared by the Federal Government to be a quotZonequot within the meaning of Export Processing Zones Authority Ordinance, 1980 (IV of 1980), the period of six tax years (Substituted for quotassessment yearsquot by Finance Act, 2003) specified in the said section shall not apply. (3) The provisions of clause (b) of component C of the formula contained in (Substituted for quotcomponent C ofquot by Finance Act, 2003) sub-section (2) of section 61 shall not apply in case of donations made to Agha Khan Hospital and Medical College, Karachi: Clause (4) omitted by Finance Act, 2003 which previously read as follows : quot(4) The provisions of section 111 shall not apply in respect of any amount invested in the acquisition of Foreign Exchange Bearer Certificates issued under the Foreign Exchange Bearer Certificates Rule, 1985.quot (3A) The provisions of sub-sections (5) and (5A) of section 34 and section 70 shall not apply to any benefit derived by way of waiver of profit on debt or the debt itself under the State Bank of Pakistan, Banking Policy Departments Circular No.29 of 2002, dated the 15th October, 2002, to the extent not set off against the losses under Part VIII of Chapter III. (5) The provisions of section 111 regarding un-explained income or assets shall not apply in respect of, (i) any amount of foreign exchange deposited in a private Foreign Currency account held with an authorized bank in Pakistan in accordance with the Foreign Currency Accounts Scheme introduced by the State Bank of Pakistan: Provided that the exemption clause shall not be available in respect of any incremental deposits made on or after the 16th day of December, 1999 in such accounts held by a resident person or in respect of any amount deposited in accounts opened on or after the said date by such person. (ii) any amount invested in the acquisition of Three-Years Foreign Currency Bearer Certificates issued under the Foreign Currency Bearer certificates Rules, 1997. (iii) rupees withdrawn or assets created out of such withdrawal in rupees from private foreign currency accounts, or encashment of Foreign Exchange Bearer Certificates, US Dollar Bearer Certificates and Foreign Currency Bearer Certificates. before substitution by Finance Act 2005 clause (5) read as follows (5) The provisions of section 111 shall not apply in respect of any amount of foreign exchange deposited in a private Foreign Currency account held with an authorized bank in Pakistan in accordance with the Foreign Currency Accounts Scheme introduced by the State Bank of Pakistan: Provided that the exemption under this clause shall not be available in respect of any incremental deposits made on or after the 16th day of December, 1999 in such accounts held by a resident person or in respect of any amount (Substituted for quotaccountsquot by Finance Act, 2003) deposited in accounts opened on or after the said date by such person. Clause (6) omitted by Finance Act, 2003 which previously read as follows : quot(6) The provisions of section 111 shall not apply in respect of any amount invested in the acquisition of US Dollar Bearer Certificate issued under the US Dollar Bearer Certificates Rules, 1991.quot Clauses (7) amp (8) omitted by Finance Act, 2005 which previously read as follows : (7) The provisions of section 111 shall not apply in respect of any amount invested in the acquisition of Three-Years Foreign Currency Bearer Certificates issued under the Foreign Currency Bearer certificates Rules, 1997. (8) The provisions (Substituted for quotprovisionquot by Finance Act, 2003) of section 111 shall not apply in respect of rupees withdrawn or assets created out of such withdrawal in rupees from private foreign currency accounts, or encashment of Foreign Exchange Bearer Certificates, US Dollar Bearer Certificates and Foreign Currency Bearer Certificates. Clause (9) omitted by Finance Act, 2003 which previously read as follows : quot(9) The provisions of section 111 shall not apply in respect of any amount invested by a sponsor or an original allottee in the purchase of shares of a company owning and managing an industrial undertaking specified in rule 5A of the Third Schedule of the Income Tax Ordinance, 1979.quot (10) The provisions of section 111, Part-X and Part-XI of Chapter X shall not apply in respect of any amount invested in the purchase of Special US Dollar Bonds issued under the Special U. S. Dollar Bond Rules, 1998: Provided that the exemption under this clause shall not be available in respect of the amount invested in the said Bonds purchased out of incremental deposits made in the existing foreign currency accounts on or after 16th day of December 1999, or out of foreign currency accounts opened on or after the said date, or on payment of the amount referred to in sub-rule (3) of rule 5 of Special U. S. Dollar Bond Rules, 1998 after the said date. (11) The provisions of section 113, regarding minimum tax, shall not apply to, (i) National Investment (Unit) Trust or a collective investment scheme authorized or registered under the Non-banking Finance Companies (Establishment and Regulation) Rule, 2003, or a real estate investment trust approved and authorized under the Real Estate Investment Trust Rules, 2006 o r any other company in respect of turnover representing transactions in shares, or securities listed on a registered stock exchange (ii) petroleum dealers, in so far as they relate to turnover on account of sale of petroleum and petroleum products, notwithstanding their status as a company, a registered firm or an individual, engaged in retail sale of petroleum and petroleum products through petrol pumps for the purposes of assessment of their income and determination of tax thereon: Provided that this exemption shall not apply to the sale of petroleum and petroleum products through petrol pumps which are directly operated or managed by companies engaged in distribution of petroleum and petroleum products. Explanation. For the removal of doubt it is declared that the companies engaged in distribution of petroleum and petroleum products other than through petrol pumps shall not be entitled to the benefits of this exemption (iii) Hub Power Company Limited so far as they relate to its receipts on account of sale of electricity (iv) Kot Addu Power Company Limited (KAPCO) for the period it continues to be entitled to exemption under clause (138) of Part-I of this Schedule (v) companies, qualifying for exemption under clause (132) of Part-I of this Schedule, in respect of receipts from sale of electricity (vi) Provincial Governments and local authorities, qualifying for exemption under section 49 and other Government or semi-Government bodies which are otherwise exempt from income tax Provided that nothing shall be construed to authorize any refund of tax already paid or the collection of any outstanding demand created under the said section (vii) Pakistan Red Crescent Society (viii) special purpose, non-profit companies engaged in scrutinizing the receivables of Provincial Governments or the companies (ix) non-profit organizations approved under clause (36) of section 2 or clause (58) or included in clause (61) of Part-I of this Schedule (x) a taxpayer who qualifies for exemption under clause (133) of Part-I of this Schedule, in respect of income from export of computer soft ware or IT services or IT enabled services (xi) a resident person engaged in the business of shipping who qualifies for application of reduced rate of tax on tonnage basis as final tax under clause (21) of Part II of the Second Schedule (xii) a venture capital company, venture capital fund and Private Equity and Venture Capital Fund which is exempt under clause (101) of Part-I of this Schedule (xiii) a Modaraba registered under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 (XXXI of 1980) (xiv) Corporate and Industrial Restructuring Corporation (CIRC) (xv) a Small Company as defined in section 2 (xvi) The corporatized entities of Pakistan Water and Power Development Authority, so far as they relate to their receipts on account of electricity, from the date of their creation upto the date of completion of the process of corporatization i. e. till the tariff is notified (xvii) a morabaha bank or a financial institution approved by the State Bank of Pakistan or the Securities and Exchange Commission of Pakistan (SECP), as the case may be, for the purpose of Islamic Banking and Finance in respect of turnover under a morabaha arrangement and (xviii) WAPDA First Sukuk Company Limited. before substitution by Finance Act 2005 clause (11) read as follows (11) The provisions of section 113 shall not apply to National Investment (Unit) Trust or a Mutual Fund established by the Investment Corporation of Pakistan or an investment company registered under the Investment Companies and Investment Advisors Rules, 1971 or any other company in respect of turnover representing transactions in shares, or securities listed on a registered stock exchange. Clauses (12) (13) amp (13A) omitted by Finance Act, 2005 which previously read as follows : (12) The provisions of section 113, in so far as they relate to turnover on account of sale of petroleum and petroleum products shall not apply to petroleum dealers, notwithstanding their (Substituted for quottherequot by Finance Act, 2003) status as a company, a registered firm or an individual, engaged in retail sale of petroleum and petroleum products through petrol pumps for the purposes of assessment of their income and determination of tax thereon: Provided that this exemption shall not apply to the sale of petroleum and petroleum products through petrol pumps which are directly operated or managed by companies (Words quotand registered firmsquot omitted by Finance Act, 2003) engaged in distribution of petroleum and petroleum products. Explanation . For the removal of doubt it is declared that the companies engaged in distribution of petroleum and petroleum products other than through petrol pumps shall not be entitled to the benefits of this exemption. (13) The provisions of section 113 shall not apply to Hub Power Company Limited so far as they relate to its receipts on account of sale of electricity. (13A) The provisions of section 113 shall not apply to Kot Addu Power Company Limited (KAPCO) for the period it continues to be entitled to exemption under clause (138) of Part-I of this Schedule. Clause (14) omitted by Finance Bill, 2006 which previously read as follows : (14) A company registered and authorized by the Federal Government to import gold and silver shall be liable to pay tax on import of gold at the rate of two rupees per eleven grams six hundred and sixty-four milligrams and five rupees per kilogram in the case of silver in accordance with the provisions of section 148 and such payment of tax shall be deemed to be full and final liability of tax in respect of income accruing from such import including liability of tax under section 113. Clause (15) omitted by Finance Act, 2005 which previously read as follows : (15) The provisions of section 113 shall not apply to companies, qualifying for exemption under clause (132) of Part-I of this Schedule, in respect of receipts from sale of electricity. (16) The provisions of sections 113, 148, 151, 153, 155 and 156 (Substituted for quot, 156 and 157quot by Finance Act, 2003) shall not apply to the institutions of the Agha Khan Development Network (Pakistan) listed in Schedule 1 of the Accord and Protocol dated November 13, 1994, executed between the Government of the Islamic Republic of Pakistan and Agha Khan Development Network: Provided that such institutions shall continu e to collect and deduct tax under section 149, 151, 152, 153, 155, 156 or 233 (Substituted for quot113quot by Finance Act, 2003) from others persons, wherever required thereunder: Provided further that in respect of application of section 113, this clause shall take effect from the first day of July, 1991. Clauses (17) amp (18) omitted by Finance Act, 2005 which previously read as follows : (17) The provisions of section 113, shall not apply to Provincial Governments and local authorities, qualifying for exemption under section 49 and other Government or semi-Government bodies which are otherwise exempt from income tax (Substituted for quotcorporate, Government or semi-Governmental bodies, not otherwise liable to income taxquot by Finance Act, 2003): Provided that nothing contained in this clause shall be construed to authorize any refund of tax already paid or the collection of any outstanding demand created under the said section. (18) The provisions of section 113 shall not apply to Pakistan Red Crescent Society. (19) The provisions of sections 113 and 151 shall not apply to non residents, (excluding local branches or subsidiaries or offices of foreign banks, companies, associations of persons or any other person operating in Pakistan), in respect of their receipts from Pak rupees denominated Government and corporate securities and redeemable capital, as defined in the Companies Ordinance, 1984 (XLVII of 1984), listed on a registered stock exchange, where the investments are made exclusively from foreign exchange remitted into Pakistan through a Special Convertible Rupee Account maintained with a bank in Pakistan. Clauses (20) to (28) omitted by Finance Act, 2005 which previously read as follows : (20) The provisions of section 113 shall not apply to special purpose, non-profit companies engaged in securitizing the receivables of Provincial Governments or the companies. (21) The provisions of section 113 shall not apply to non-profit organisations approved under clause (36) of section 2 or clause (58) or included in (Substituted for quotincluding those approved or included in clause (58)quot by Finance Act, 2003) or clause (61) of Part-I of this Schedule. (22) The provisions of section 113 shall not apply to a taxpayer who qualifies for exemption under clause (133) of Part-I of this Schedule. (23) The provisions of section 113 shall not apply to a venture capital company and venture capital fund which is exempt under clause (101) of Part-I of this Schedule. (24) The provisions of section 113 shall not apply to a modaraba registered under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 (XXXI of 1980). (25) Nothing in section 113 shall apply to Corporate and Industrial Restructuring Corporation (CIRC). (26) The provisions of section 148 shall not apply to goods or classes of goods imported by contractors and sub-contractors engaged in the execution of power project under the agreement between the Islamic Republic of Pakistan and Hub Power Company Limited. (27) The provisions of section 148 shall not apply to such specially equipped motor vehicle or support equipment imported by a disabled person, as is allowed by the Federal Government. (28) The provision of section 148 shall not apply to in case of such goods imported into Pakistan as are exempt from customs duties and sales tax under Headings 9913, 9914 and 9915 of Sub-Chapter III of Chapter 99 of First Schedule the Customs Act, 1969 (IV of 1969) (Substituted for quotSROs 360(I)2000, 362(I)2000 and 363(I)2000 dated 17.06.2000quot by Finance Act, 2003) (29) The provisions of section 148 shall not apply to goods imported by direct and indirect exporters covered under --- (a) Sub-Chapter 4 of Chapter XII of SRO 450(I)2001 dated 18.06.2001 (b) Sub-Chapter 6 of Chapter XII of SRO 450(I)2001 dated 18.06.2001 and (c) Sub-Chapter 7 of Chapter XII of SRO 450(I)2001 dated 18.06.2001 (30) The provisions of section 148 shall not apply in respect of goods specified under Heading 9929, Sub-Chapter VIII of Chapter 99 of the First Schedule to the Customs Act, 1969 (IV of 1969) Clauses (29) and (30) substituted by Finance Act, 2003 which previously read as follows: quot(29) The provisions of section 148 shall not apply to goods imported by direct and indirect exporters covered under:- (i) the Manufacturing in Bond Rules, 1997, issued under Notification No. S. R.O. 1140(I)97, dated the 6th November, 1997 (ii) the Common Bonded Warehouse (Conventional) Rules, 1998 issued under Notification No. S. R.O. 843(I)98, dated the 23rd July, 1998 and (iii) the Duty and Tax Remission for Export Rules, 2001, issued under Notification No. S. R.O. 185(I)2001, dated the 21st March 2001. (30) The provisions of section 148 shall not apply in respect of goods temporarily imported into Pakistan for subsequent exportation and which are exempt from customs-duty under Notification No. S.R. O.410(I)2001, dated the 18th June, 2001, and the goods specified at S. Nos. 22 and 23 in Table-II of the Notification No. S. R.O. 444(I)2001, dated the 18th June, 2001.quot Clauses (31) (31A) amp (31B) omitted by Finance Act, 2005 which previously read as follows : (31) The provisions of section 148 shall not apply in respect of such mobile telephone sets as are exempt from custom duty and are charged to sales tax in the manner prescribe in the Notification No. S. R.O 390(I)2001 dated 18th June, 2001. (31A) The provisions of section 148 shall not apply to plant, machinery and equipment imported as are subject to 5 rate of customs-duty under Chapter 84 of the First Schedule to the Customs Act, 1969 (IV of 1969), or are exempt from customs-duty or subject to a lower rate of customs-duty under relevant Customs notifications. 31B) The provisions of section 148 shall not apply in respect of agricultural tractors imported in CBU condition. Clause (32) omitted by Finance Act, 2003 which previously read as follows : quot(32) The provisions of sections 149 and 152 relating to fee for technical services shall not apply to Ms Siddiq Sons Tin Plate Limited in respect of salaries of expatriate employees, royalty or technological and know-how fee for technical assistance for projects located in Special Industrial Zone, Windher, Balochistan, who have established LCs prior to the 31st January, 1996.quot (33) The provisions of sections 151 and 233 shall not apply to any person making payment to National Investment (Unit) Trust or a mutual fund established by the Investment Corporation of Pakistan or an investment company registered under the Investment Companies and Investment Advisers Rules 1971 or a unit trust scheme constituted by an Asset Ma nagement Company registered under the Asset Management Companies Rules, 1995 or a real investment trust, approved and authorized under the Real Estate Investment Trust Rules, 2006, established and managed by a REIT management company licensed under the Real Estate Investment Trust Rules, 2006 or a Private Equity and Venture Capital Fund. Clauses (34) amp (35) omitted by Finance Act, 2005 which previously read as follows : (34) The provision of section 151 shall not apply in respect of profit or interest paid on a Term Finance Certificate held by a company which has been issued on, or after, the first day of July, 1999. (35) The provisions of section 151 shall not apply to any payment made by way profit or interest to any person on Term Finance Certificates being the instruments of redeemable capital under the Companies Ordinance, 1984 (XLVII of 1984), issued by Prime Ministers Housing Development Company (Pvt) Limited (PHDCL). (36) The provisions of clause (c) of sub-section (1) of section 151 shall not apply in respect of any amount paid as interest or profit on Special US Dollar Bonds issued under the Special US Dollar Bonds Rules, 1998. (36A) The provisions of clause (a) of sub-section (1) of section 151 shall not apply in respect of any amount paid as yield or profit on investment in Bahbood Savings Certificate or Pensioners Benefit Account. Clause (37) omitted by Finance Act, 2005 which previously read as follows : (37) The provisions of section 151 shall not apply to Pak rupee accounts or certificates referred to in clause (83) of Part I of this Schedule. (38) The provisions of section 151, 153 and 233 shall not apply to special purpose vehicle for the purpose of securitization. (38A) The provisions of sections 150, 151 and 233 shall not apply to a Venture Capital Company (38B) The provisions of section 150 shall not apply to the Islamic Development Bank. Clause (39) omitted by Finance Act, 2003 which previously read as follows : quot(39) The provisions of section 151 shall not apply to a person who produces a certificate from the Commissioner of Income Tax concerned to the effect that his income during the income year is exempt from tax. quot clause (40) shall omitted by Finance Act 2005 and, notwithstanding any judgment, order or decision of any Court, Tribunal or Authority including Income Tax Authority, shall be deemed always to have been so omitted and shall have effect accordingly before omitting clause 40 read as follows:- (40) The provisions of sub-section (6) of section 153 in so far as they relate to payments on account of supply of goods from which tax is deductible under the said section shall not apply in respect of any person being a manufacturer of such goods, unless he opts for the presumptive tax regime: Provided that a declaration of option is furnished in writing within three months of the commencement of the tax (Substituted for quotincomequot by Finance Act, 2003) year and such declaration shall be irrevocable and shall remain in force for three years: Provided further nothing contained in this clause shall apply to any manufacturer of goods for which special rates of deduction of tax are specified under the repealed (Substituted for quotreplacedquot by Finance Act, 2003) Ordinance. (41) The provisions of su b-section (1B) of section 152 (words quot(7) of section 153quot substituted by Finance Bill 2006) shall not apply in respect of a non-resident person unless he opts for the presumptive tax regime: Provided that a declaration of option is furnished in writing within three months of the commencement of the tax (Substituted for quotincomequot by Finance Act, 2003) year and such declaration shall be irrevocable and shall remain in force for three years. (41A) Notwithstanding anything contained in the Finance Act, 2005 (VII of 2005), with respect to the omission of clause (40) of Part IV of the Second Schedule to this Ordinance, nothing in sub-section (6A) of Section 153 of this Ordinance shall apply to any person being a manufacturer, where declaration of option for the presumptive tax regime has been furnished and transactions pertaining to such option have been undertaken and completed on or before the 30th June, 2005 Provided that all declaration of options already furnished shall cease to have effect after the 30th June, 2005. (41B) The provisions of sub-section (2) of section 152 shall not apply in respect of payments to foreign news agencies, syndicate services and non-resident contributors, who have no permanent establishment in Pakistan. (42) The provisions of sub-section (6) of section 153 shall not apply in respect of payments received by a resident person for providing services by way of operation of container or chemical or oil terminal at a sea-port in Pakistan or of an infrastructure project covered by the Governments Investment Policy, 1997. (43A) The provisions of sub-section (1) of section 153 shall not apply to payments received by a person including Permanent Establishment of Non-resident Petroleum Exploration and Production (EampP) Companies on account of supply of petroleum product imported by the same person under the Government of Pakistans de-regulation policy of POL products Clause (43A) substituted by Finance Act, 2003, which previously read as follows : quot(43A) The provisions of section 153, shall not apply to payments received by Ms Total PARCO Pakistan Limited for the supply of petroleum products. (43B) The provisions of clause (a) sub-section (1) of section 153 shall not apply to payments received on sale of air tickets by traveling agents, who have paid withholding tax on their commission income. Clauses (43B) and (43C) omitted by Finance Act, 2003, which previously read as follows : quot(43B) The provisions of section 153 shall not apply to the payments received by Al Rahim Trading Co. (Pvt) Limited, Karachi for the supply of petroleum products. (43C) The provisions of section 153 shall not apply to the payments received by Hascombe Storage (Pvt) Limited, Karachi, for the supply of petroleum products. quot Clause (44) omitted by Finance Act, 2005 which previously read as follows : (44) The provisions of section 148 shall not apply to an indirect exporter as defined in the Duty and Tax Remission for Export Rules, 2001 issued under Notification No. S. R.O. 185(I)2001, dated the 21st March 2001. (45) The provisions of sub-section (1) (Substituted for quot(6)quot by Finance Act, 2003) of section 153 shall not apply to any manufact urer-cum-exporter as the prescribed person (Substituted for quota payerquot by Finance Act, 2003) . (a) the manufacturer-cum-exporter shall deduct tax from payments made in respect of goods sold in Pakistan (b) if tax has not been deducted from payments on account of supply of goods in respect of goods sold in Pakistan, the tax shall be paid by the manufacture-cum-exporter, if the sales in Pakistan are in excess of five per cent of export sales and (c) nothing contained in this clause shall apply to payments made on account of purchase of the goods in respect of which special rates of tax deduction have been specified under the provisions of the repealed Ordinance (Substituted for quotin exercisequot by Finance Act, 2003) . (46) The provisions of sub-section (1) of section 153 shall not apply to any payment received by an oil distribution company or an oil refinery for supply of its petroleum products. (47) The provisions of sections 151 and 155 shall not apply to a person who produces a certificate from the Commissioner of Income Tax concerned to the effect that his income during the income year is exempt from tax. (47) The provisions of sections 151 and 155 shall not apply to a person who produces a certificate from the Commissioner of Income Tax concerned to the effect that his income during the income year is exempt from tax. (47A) The provisions of section 153 shall not apply in respect of payments received by a resident person for supply of such goods as were imported by the same person and on which tax has been paid under section 148. (47B) The provisions of section s 150, 151 and 233 shall not apply to any person making payment to National Investment (Unit) Trust or a mutual fund established by the Investment Corporation of Pakistan or a collective investment scheme authorized or registered under the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003 or a modaraba (Substituted for quotan Investment Company registered under the Investment Companies and Investment Advisors Rules, 1971 or a Unit Trust Scheme constituted by an Asset Management Companies Rule, 1995, or a modaraba management companyquot by Finance Act, 2003) or Approved Pension Fund or an Approved Income Payment Plan constituted by a Pension Fund Manager registered under Voluntary Pension System Rules, 2005 or a Real Estate Investment Trust approved and authorized under the Real Estate Investment Trust Rules, 2006 established and managed by a REIT Management Company licensed under the Real Estate Investment Trust Rules, 2006 or a Private Equity and Venture Capital Fund. (47C) The provisions of sub-section (1) of section 154 shall not apply to an exporter in respect of cooking oil or vegetable ghee exported to Afghanistan, from whom advance tax has been collected under section 148 on import of edible oil. (47D) The provisions of sub-section (6A) of section 153 shall not apply to cotton ginners. Clauses (48), (49), (50) and (51) omitted by Finance Act, 2003, which previously read as follows : quot(48) The provisions of section 236 shall not apply to a person who produces a certificate from the Commissioner of Income Tax concerned to the effect that his income during the income year is exempt from tax. (49) The provisions of section 236 shall not apply where the subscriber is a nontaxable non-profit organisation. (50) The provisions of section 234 shall not apply to a person who produces a certificate from Commissioner of Income Tax concerned to the effect that his income during the income year is exempt from tax. (51) The provisions of section 235 shall not apply to a person who produces a certificate from the Commissioner of Income Tax concerned to the effect that his income during the income year is exempt from tax. quot (52) The provisions of clause (vi) of Notification No. SRO 593(I)91, dated the 30th June, 1991, shall not apply to any importer being an industrial undertaking engaged in the manufacture of vanaspati ghee or oil. Clauses (53) amp (54) omitted by Finance Act, 2005 which previously read as follows : (53) The provisions of sections 148 and 153 shall not apply to the wheat imported by Trading Corporation of Pakistan in pursuance of economic coordination committee of the cabinets decision No. ECC-6752004 dated the 2nd July, 2004. (54) The provisions of section 148 shall not apply to sugar imported in pursuance pursuance of economic coordination committee of the cabinets decision No. ECC1622005 dated the 08.02.2005quot (56) The provisions of section 148, regarding withholding tax on imports, shall not apply in respect of (i) goods or classes of goods imported by contractors and sub-contractors engaged in the execution of power project under the agreement between the Islamic Republic of Pakistan and Hub Power Company Limited. (ii) such specially equipped motor vehicle or support equipment imported by a disabled person, as is allowed by the Federal Government. (iii) such goods imported into Pakistan as are exempt from customs duties and sales tax under Headings 9913, 9914 and 9915 of Sub-Chapter III of Chapter 99 of First Schedule the Customs Act, 1969 (IV of 1969). (iv) goods imported by direct and indirect exporters covered under - (a) Sub-Chapter 4 of Chapter XII of S. R.O. 450(I)2001 dated18.06.2001 (b) Sub-Chapter 6 of Chapter XII of S. R.O. 450(I)2001 dated 18.06.2001 and (c) Sub-Chapter 7 of Chapter XII of S. R.O. 450(I)2001 dated 18.06.2001 (v) goods specified under Heading 9929, Sub-Chapter VIII of Chapter 99 of the First Schedule to the Customs Act, 1969 (IV of 1969). (vi) Liquefied Petroleum Gas (LPG) (vii) Liquefied Natural Gas (LNG) Clauses (vi) and (vii) substituted by Finance Bill 2006, which previously read as follows : (vi) such mobile telephone sets as are exempt from custom duty and are charged to sales tax in the manner prescribed in the Notification No. S. R.O. 390(I)2001 dated the 18th June, 2001. (vii) plant, machinery and equipment imported as are subject to 5 rate of customs-duty under Chapter 84 of the First Schedule to the Customs Act, 1969 (IV of 1969), or are exempt from customs-duty or subject to a lower rate of customs-duty under relevant Customs notifications. (viii) agricultural tractors imported in CBU condition. (ix) an indirect exporter as defined in the Duty and Tax Remission for Export Rules, 2001 issued under Notification No. S. R.O. 85(I)2001, dated the 21st March 2001. (x) Radio Navigational Aid Apparatus imported for an airport or on after First January, 2006. Clause (x) substituted by Finance Bill 2006, which previously read as follows : (x) wheat and wheat flour imported by Trading Corporation of Pakistan in pursuance of Economic Coordination Committee of the Cabinets Decision No. ECC.6752004 dated the 2nd July, 2004. Clause (xi) omitted by Finance Bill 2006, which previously read as follows : (xi) sugar imported in pursuance of Economic Coordination Committee of the Cabinets decision No. ECC 1622005 dated 08.02.2005. (xii) import of the following items, namely: (e) halal meat of (f) live animals (bovine animals i. e. buffalos, cows, sheep, goats and camels only)and Clause (xiii) omitted by Finance Bill 2006, which previously read as follows : (xiii) cement imported in pursuance of Economic Coordination Committee of the Cabinets decision No. ECC-12482005, dated the 1st September, 2005. (xiv) goods donated for the relief of earthquake victims as are exempt from customs duties and sales tax and (xv) tents. tarpaulin and blankets. Clause (xvi) omitted by Finance Bill 2006, which previously read as follows : (xvi) off-highway dump trucks and transit mixers. xvii import of ships and floating craft including tugs, dredgers, survey vessels and other specialised crafts registered in Pakistan. (xviii) goods specified in column (2) of the Table below, falling under the PCT heading number mentioned in column (3) of the said Table, namely:- Description of goods. PCT heading number. (xx) goods temporarily imported into Pakistan for subsequent exportation and which are exempt from customs duty and sales tax under Notification No. S.R. O.1065(I)2005, dated the 20th October, 2005. (xxi) capital goods imported by a manufacturer whose sales are 100 exports and produces a certificate from the Commissioner of Income Tax to the effect that the imported capital goods shall be (a) installed in his own industrial undertaking and (b) exclusively used for production of goods to be exported. (xxii) Capital goods and raw material imported by manufacturer exporter registered with Sales Tax Department as a manufacturer. (xxiii) Petroleum (EampP) companies covered under SRO.678(I)2004 dated 07.08.2004 except motor vehicles imported by such companies. (xxiv) Companies importing high speed diesel oil, light diesel oil, high octane blending component or motor spirit, furnace oil, JP-1, MTBE, kerosene oil, crude oil for refining and chemical use in refining thereof in respect of such goods (xxv) The re-importation of re-usable containers for re-export qualifying for customs-duty and sales tax exemption on temporary import under the Customs Notification No. S. R.O. 344(I)95 dated the 25th day of April, 1995and (xxiv) goods donated for relief of flood victims of year 2007 as exempt from sales tax and custom duty (57) The provisions of sections 113, 148 and 153 shall not apply to companies operating Trading Houses which - (i) have paid up capital of exceeding Rs.250 million (ii) own fixed assets exceeding Rs.300 million at the close of the Tax Year (iii) maintain computerized records of imports and sales of goods (iv) maintain a system for issuance of 100 cash receipts on sales (v) present accounts for tax audit every year and (vi) is registered with Sales Tax Department: Provided that the exemption under this clause shall not be available if any of the aforementioned conditions are not fulfilled for a tax year, Provided further that the exemption from application of section 113 shall be available for the first ten tax years, starting from the tax year in which the business operations commenced. (57A) The provisions of sections 153 and 169 shall not apply to large import houses: Provided that the exemption under this clause shall not be available if any of the conditions provided in section 148 are not fulfilled for a tax year (58) The provisions of section 205 shall not apply to telecom companies for default of not collecting withholding tax under section 236 (1)(b) on sale of prepaid cards during tax year 2004, if the amount not collected is deposited within three months: Provided that nothing contained in this clause shall apply to the amounts collected under section 236(1)(b), but not deposited in the Treasury. (59) The provisions of section 151, regarding withholding tax on profit on debt, shall not apply - (i) in respect of profit or interest paid on a Term Finance Certificate held by a company which has been issued on, or after, the first day of July, 1999 (ii) to any payment made by way profit or interest to any person on Term Finance Certificates being the instruments of redeemable capital under the Companies Ordinance, 1984 (XLVII of 1984), issued by Prime Ministers Housing Development Company (Pvt) Limited (PHDCL) (iii) to Pak rupee accounts or certificates referred to in clause (83) of Part-I of this Schedule and (iv) in the case of any resident individual, no tax shall be deducted from income or profits paid on,- (a) Defence Savings Certificates, Special Savings Certificates, Savings Accounts or Post Office Savings Accounts, or Term Finance Certificates (TFCs), where such deposit does not exceed one hundred and fifty thousand rupees and (b) Investment in monthly income Savings Accounts Scheme of Directorate of National Savings, where monthly installment in an account does not exceed one thousand rupees. (60) Provisions of sections 148 and 153 shall not apply to fully as well partly designedassembled cypher devices, for use within the country as are verified by Cabinet Division (NTISB) (words quotNTISBquot substituted by Finance Bill 2006) with reference to design, quality and quantity (61) The provisions of section 231A shall not apply in respect of any cash withdrawal, from a bank, made by an earthquake victim against compensation received from GOP including payments through Earthquake Reconstruction and Rehabilitation Authority (ERRA) account. (62) The following provisions of Section 97 shall not apply in case of transfer of assets on amalgamation of companies or their businesses or acquisition of shares, requiring that transferor: (a) be resident company and (b) belong to a wholly-owned group of resident companies. ( i ) the transferee resident company shall own or acquire atleast 75 of the share capital of the transferor company or the business in Pakistan of the transferor company (ii) the amalgamated company is a company incorporated in Pakistan (iii) the assets of the amalgamating company or companies immediately before the amalgamation become the assets of the amalgamated company by virtue of the amalgamation, otherwise than by purchase of such assets by the amalgamated company or as a result of distribution of such assets to the amalgamated company after the winding up of the amalgamating company or companies (iv) the liabilities of the amalgamating company or companies immediately before the amalgamation become the liabilities of the amalgamated company by virtue of the amalgamation and (v) the scheme of amalgamation is sanctioned by the State Bank of Pakistan, any court or authority as may be required under the lawMini Bio (1) Undoubtedly one of the most influential film personalities in the history of film, Steven Spielberg is perhaps Hollywoods best known director and one of the wealthiest filmmakers in the world. Spielberg has countless big-grossing, critically acclaimed credits to his name, as producer, director and writer. Steven Allan Spielberg was born in 1946 in Cincinnati, Ohio, to Leah Frances (Posner), a concert pianist and restaurateur, and Arnold Spielberg. an electrical engineer who worked in computer development. His parents were both born to Russian Jewish immigrant families. Steven spent his younger years in Haddon Township, New Jersey, Phoenix, Arizona, and later Saratoga, California. He went to California State University Long Beach, but dropped out to pursue his entertainment career. He gained notoriety as an uncredited assistant editor on the classic western 1050107210881072107410721085 1087108610741086107910861082 (1957). Among his early directing efforts were Battle Squad (1961), which combined World War II footage with footage of an airplane on the ground that he makes you believe is moving. He also directed Escape to Nowhere (1961), which featured children as World War Two soldiers, including his sister Anne Spielberg. and The Last Gun (1959), a western. All of these were short films. The next couple of years, Spielberg directed a couple of movies that would portend his future career in movies. In 1964, he directed Firelight (1964), a movie about aliens invading a small town. In 1967, he directed Slipstream (1967), which was unfinished. However, in 1968, he directed Amblin (1968), which featured the desert prominently, and not the first of his movies in which the desert would feature so prominently. Amblin also became the name of his production company, which turned out such classics as 1048108510861087108310721085107710901103108510801085 (1982). Spielberg had a unique and classic early directing project, 10441091110110831100 (1971), with Dennis Weaver. In the early 1970s, Spielberg was working on TV, directing among others such series as Rod Serling s 105310861095108510721103 1075107210831077108810771103 (1969), Marcus Welby, M. D. (1969) and 105110771081109010771085107210851090 1050108610831086108410731086: Murder by the Book (1971). All of his work in television and short films, as well as his directing projects, were just a hint of the wellspring of talent that would dazzle audiences all over the world. Spielberg has been extremely active in films there are many other things he has done as well. He produced the short-lived TV series 105510861076107410861076108510721103 1054107610801089108910771103 (1993), an anthology series entitled 105910761080107410801090107710831100108510991077 1080108910901086108810801080 (1985), created the video-game series Medal of Honor set during World War Two, and was a starting producer of 105710821086108810721103 108710861084108610971100 (1994). Spielberg, if you havent noticed, has a great interest in World War Two. He and Tom Hanks collaborated on Shooting War (2000), a documentary about World War II combat photographers, and he produced a documentary about the Holocaust called A Holocaust szemei (2000). With all of this to Spielbergs credit, its no wonder that hes looked at as one of the greatest ever figures in entertainment. Spouse (2) (12 October 1991 - present) (5 children) Trade Mark (19) Onscreen performers staring, usually at something off-camera. His films often show children in some sort of danger. Consistent references to World War II. Frequent references to Disney films, music, or theme parks Protagonists in his films often come from families with divorced parents, with fathers portrayed as reluctant, absent or irresponsible, most notably in et: the Extra-Terrestrial (Elliots mother is divorced and father is absent) and 105510861081108410721081 1084107710851103, 1077108910831080 1089108410861078107710961100 (2002) (Frank Abagnales mother and father split early in the film). This reflects Spielbergs own experience as a youth with his parents breaking up. Is credited for starting the summer blockbuster tradition with 1975s first 100 million megahit, 1063e10831102108910901080 (1975). His films are almost always edited by Michael Kahn . Known on-set for being able to work and come up with ideas very quickly (the best example of this would be the filming of Saving Private Ryan, where Spielberg came up with angles and shot ideas on the spot, due to the fact that the film was largely un-storyboarded). Perhaps this is a habit he picked up after the filming of Jaws, which was, very famously, a torturously slow shoot due to technical problems. Ardent champion of the cutting-in-camera philosophy Frequently uses (and helped re-popularize) the dolly zoom in-camera effect used to signifyevoke an impactful moment or realization, famously employed in Jaws upon Chief Brody witnessing the shark attack from his beach chair. Trivia (158) Member of Theta Chi Fraternity (Zeta Epsilon Chapter, Long Beach State University). One of his fraternity brothers was Roger Ernest . Is a supporter of the Democratic Party. Is among the richest individuals in Hollywood. Jonathan Norman was sentenced to 25 years to life, for stalking Spielberg and threatening to rape him. June 1998 Chosen by Entertainment Weekly as the most powerful person in entertainment in 1997. October 1997 Involved in road accident and treated for an injured shoulder. September 1997 American Film Institute Life Achievement Award. 1995 There are seven children in the Capshaw-Spielberg family: Theo Spielberg. who was adopted by Kate Capshaw before their marriage and later adopted by Spielberg, born in 1988, Sasha Spielberg. born on 14 May 1990, Sawyer Spielberg. born on 10 March 1992, their adopted daughter Mikaela George Spielberg, born on 28 February 1996, and Destry Allen Spielberg, born on 1 December 1996. Kate Capshaw s daughter Jessica Capshaw. born in 1976, is from her previous marriage. Steven Spielbergs son Max Spielberg. born in 1985, is from his previous marriage to Amy Irving . Attended California State University-Long Beach after being turned down by USC Cinema school twice. Attended Arcadia High School in Phoenix. Donated 100,000 to the Democratic Party. 1996 Awarded second annual John Huston Award for Artists Rights by the Artists Rights Foundation. 1995 Named Best Director of the 20th Century in an Entertainment Weekly on-line poll, substantially beating out runners-up Alfred Hitchcock and Stanley Kubrick. September 1999 Born to Arnold Spielberg. a computer engineer, and Leah Adler, ne Posner, a restaurateur and concert pianist. Sits on USC School of Cinema-Televisions Board of Councilors. When he was a child, he sneaked onto the lot of Universal Studios during a tour and befriended an editor who showed him a few things about filmmaking. During filming of their episode of 105310861095108510721103 1075107210831077108810771103 (1969), Spielberg gave Joan Crawford the gift of a single red rose in a Pepsi bottle. During an on-set conversation with Detroit Free Press reporter Shirley Eder. Crawford pointed out Spielberg and said, Go interview that kid, because hes going to be the biggest director of all time Crawford and Spielberg remained good friends until her death in 1977. Awarded the honor of Knight of the Order of the British Empire (KBE) in New Years Honours 2001 by Queen Elizabeth II for his contribution to the British film industry. As a non-Commonwealth citizen, he will not be able to use the title. December 2000 States that the work of David Lean has had a profound effect on his career. Almost directed 1041108610831100109610861081 (1988) with Tom Hanks starring, but didnt want to steal the thunder of his sister, Anne Spielberg. who co-wrote the script. Often casts new actors based on their performances in other works. Rarely does auditions for major roles. He is an Eagle Scout and was on an advisory board for the Boy Scouts of America. He left this position because he did not agree with the fact that the Boy Scouts of America discriminated against homosexuals. Was directing a childbirth scene when he received a call that Amy Irving was giving birth to their son Max Spielberg . According to the 2001 issue of Forbes 400 Richest People In America, Spielbergs fortune is 2.1 billion. Born at 6:16 PM EST. Was irked when footage from his movie 10441091110110831100 (1971) was used as stock footage in an episode of 10531077107410771088108611031090108510991081 1061107210831082 (1978). But since Universal Studios owned the rights to both the The Incredible Hulk series and the film of Duel, taking legal action was not possible. However, he subsequently updated his contracts to include a clause that would protect his future material from being used as stock footage. On May 31, 2002, graduated from California State University Long Beach with a bachelors degree in film and electronic arts. He had dropped out of college in 1968 to concentrate on his career, but during the 2000s fulfilled his remaining graduation requirements via independent projects, which required correspondence courses and several term papers. For Spielberg, the school waived its requirement that all senior film majors must submit a completed 12-minute short film, accepting 105710871080108910861082 10641080108510761083107710881072 (1993) in its place. He donned cap and gown and marched in the commencement ceremony with his fellow graduates. Received honorary doctor of humane letters degree from Yale University (27 May 2002). When Spielberg received his undergraduate degree (about 35 years after he had first entered college), the orchestra played the theme from the Indiana Jones series of films as he walked up to and across the stage. Owns the rights to the Stephen King novel The Talisman. As of 2002, the book has not been made into a film. He is now producing this film for release in 2007. His father served in World War II in South East Asian Front. According to the 2002 edition of Forbes 400 Richest People in America, his fortune is estimated at 2.2 billion, a 100 million improvement over the 2001 estimate. Ranked 1 in Premieres 2003 annual Hollywood Power List. It is the third time he received the top ranking (the others being in 1994 1995). He had ranked 6 in 2002. Is set to produce a mini-series for HBO that will set out to debunk the legend of King Arthur and the Knights of the Round Table. The mini-series, written by David Leland. will focus on the historical reality of life in 500 A. D. when Arthur was thought to be King and will have no round table, Merlin, Lancelot, Excalibur, or knights. Camelot itself will be shown to have been a simple Roman fort and Arthur, named Artos in the film, will be portrayed as a humble blacksmith whose forging skills win him the English throne. It was expected to air sometime in 2004. 2003 Was voted the 11th Greatest Director of all time by Entertainment Weekly. Although close friend, George Lucas. has vowed to only shoot future movies digitally, Spielberg has been the most vocal film-maker of the opposing view: to continue shooting all of his movies on film. Other directors siding with Spielberg include Martin Scorsese and Oliver Stone . To date, has never provided a directors commentary on any of his films DVDs. 2004 In the 2004 edition of Forbes 400 Richest People in America, his net worth is estimated at 2.6 billion, his highest showing yet. The only filmmaker ahead of him is his good friend George Lucas. whose worth is estimated at 3 billion. When he used product placement in 1048108510861087108310721085107710901103108510801085 (1982), he used Reeses Pieces only because M Ms parent company didnt want their product associated with aliens and UFOs. Wrote a letter to Polish writerdirector Mira Hamermesh in appreciation of one of her films. Graduated from Saratoga High School in Saratoga, California. Ranked 2 on Premieres 2005 Power 50 List, behind only Peter Jackson. Had the same ranking in 2004, behind Pixar bosses John Lasseter and Steve Jobs . Ranked 1 in Empire (UK) magazines The Greatest directors ever (2005). Has been Honorary Member of the Society of Operating Cameramen (SOC) since 1995 and received the Governors Award for his contributions in the advancement of the use of the motion picture camera. He has always been very protective of his name. If his company is working on a film and he feels it is not up to his standards, he will remove his name as a producer. Aside from producing 1041107210831073107710891099 (1985), he also directed at least one scene in the movie. In the 2005 edition of Forbes 400 Richest People in America, his net worth is estimated at 2.7 billion, a 100 million improvement over 2004 (due mostly to his share of the DreamWorks Animation public stock offering). He, and good friend George Lucas (net worth: 3.5 billion) are the only filmmakers on the list. In December, he, Jeffrey Katzenberg and David Geffen sold DreamWorks SKG to Paramount Pictures Corporation for 1.6 billion. Once screened 1051108610911088107710851089 1040108810721074108010811089108210801081 (1962) with director David Lean. who gave Spielberg a live directors commentary, as Spielberg put it. Spielberg said that it was one of the best moments of his life, learning from a true master. Consequently, Spielberg stated that it helped him make better pictures and that commentary directly influenced every movie he has made since. Has an estimated fortune of 2.8 billion (2,800,000,000), according to the Los Angeles Business Journal. The size of his fortune him the 14th richest person in the Los Angeles area and likely the wealthiest producer-director in the world (with only his friend George Lucas coming close). Ranked 6 in the Power Rankings and 1 in the Money Rankings on Forbes 2006 Celebrity 100 List, with earnings of 332 million. Most of those earnings were from the 2005 sale of DreamWorks to Paramount Pictures. Ranked 4 on Premieres 2006 Power 50 list. Had ranked 2 in 2005. Interviewed in Directors Close Up: Interviews with Directors Nominated for Best Film by the Directors Guild of America, ed. by Jeremy Kagan. Scarecrow Press, 2006. In 1996, he purchased Clark Gable s Oscar (which he won for 106910901086 108910831091109510801083108610891100 1086107610851072107810761099 10851086109511001102 (1934)) to protect it from further commercial exploitation and gave it back to the Academy of Motion Picture Arts and Sciences, commenting that he could think of no better sanctuary for Gables only Oscar than the Motion Picture Academy. On 14 December 2002 he bought Bette Davis Oscar, which she won for 1054108710721089108510721103 (1935), at a Sothebys auction in New York to return it to the Academy of Motion Picture Arts and Sciences. The statuette was among the memorabilia sold by the Planet Hollywood restaurant chain, which has emerged from bankruptcy protection. On 19 July 2001 he purchased Bette Davis Oscar statuette, which she won for 10481077107910721074107710831100 (1938), at a Christies auction and returned it to the Academy of Motion Picture Arts and Sciences. Early in his career, while working for Universal Studios, he was asked to give a tour to a special guest who had just sold the film rights to one of his books to the studio. That guest was Michael Crichton. who later worked with Spielberg on 1055107210881082 1102108810891082108610751086 1087107710881080108610761072 (1993). Both live-action adaptations of The Incredible Hulk have references to his films. The first used stock footage from 10441091110110831100 (1971). In the 2003 film by Ang Lee (1061107210831082 (2003)), the impact of the Hulk hitting the ground causes ripples to form in nearby bodies of water, just as the Tyrannosaur does in 1055107210881082 1102108810891082108610751086 1087107710881080108610761072 (1993). Though he frequently works with Tom Hanks. Hanks is not, as of 2006, involved in Spielbergs biopic about Abraham Lincoln. even though he is descended from the family of Lincolns mother, Nancy Hanks. Owns one of the largest gun collections on the East Coast. He shoots, but only privately. Is of Hungarian descent, which explains his surname, coming from the Austrian city where his ancestors lived. Is a huge fan of the actors Steve Martin. Bill Murray and Robin Williams. He is also proud to admit they are good friends of his. Was originally set to direct 105210991089 108910901088107210931072 (1991). He later recommended Martin Scorsese for the job and personally called the director, letting him know that this was a commercial film that had potential to be a hit, which would exercise more power for Scorcese to make his films. Went to the same college, CSULB as Frank Miranda . Burt Reynolds film White Lightning (1973) was originally slated to be Spielbergs first theatrical feature and he spent months on pre-production. Robbie Williams mentions him in his song I Will Talk and Hollywood Will Listen. 2007- Ranked 2 on EWs The 50 Smartest People in Hollywood. In 2007, Forbes estimated his earnings for the year 2006 to be 110 million. Is a fan of video games and says that their development is intriguing to him. Owns homes in Pacific Palisades, California New York City East Hampton, New York and Naples, Florida. Pulled out of his role as advisor to the 2008 Beijing Olympics, reacting to the Chinese governments inaction over the genocide in Darfur (February 2008). Is a fan of the works of Carl Barks. and cites them as a big inspiration on his storytelling. Served on the Board for the Institute for the Study of Women in Men in Society for USC. Hosted events for the intellectual society at his screening room and offices on the Universal lot in the late 1980s. When Spielberg accepted the Cecil B. DeMille award at the 66th Annual Golden Globe Awards he expressed his gratitude to DeMille for helping him come to love filmmaking in the first place, describing his earliest childhood memory of going to see DeMilles 1042107710831080109510721081109610771077 109610861091 1084108010881072 (1952) with his father. I think my fate was probably sealed that day in 1952, he said, recalling how the train wreck scene in that film inspired first a keen interest in electric train sets and eventually his passion for film. Is an excellent shot with a shotgun. Actor Shia LaBeouf once said about his shooting, Hes an Olympic shot. The hand-eye co-ordination of that man is unlike anything Ive ever seen. If he werent a great director, he could be one of our greatest snipers. Lives in Los Angeles, Malibu, California and East Hampton, New York. In 1985, Spielberg purchased a Pacific Palisades hilltop estate from singer Bobby Vinton. a palatial residence that, over the years, had been home to producer David O. Selznick. Douglas Fairbanks Jr.. spouses Cary Grant and Barbara Hutton. etc. Will receive the 2012 David O. Selznick Achievement Award in Motion Pictures from the Producers Guild Of America (PGA) on January 21, 2012 in Los Angeles September 21, 2011. Belgium: (22 October 2011) honored as Commander in the Order of the Crown by outgoing Finance Minister Didier Reynders at the Hotel Amigo in Brussels ahead of the world premiere of Spielbergs new film - The Adventures of Tintin: The Secret of the Unicorn. Favorite indoor relaxation pursuits are watching golf on TV and playing his computer game Assassins Creed. Has made two films that, between them, feature four former U. S. Presidents. He has hired a British actor to play the President each time: Nigel Hawthorne as Martin Van Buren and Anthony Hopkins as John Quincy Adams in 1040108410801089109010721076 (1997), and Daniel Day-Lewis as Lincoln and Jared Harris as Ulysses S. Grant in 10511080108510821086108311001085 (2012). Father Arnold Spielberg was an innovator who worked on the first computer that was ever sold commercially back in 1950. Claims his family name Spielberg has Austrian origins meaning Play Mountain when translated into English. Formed his production company Amblin Entertainment with longtime friend and production associate Kathleen Kennedy in 1981. Steven Spielberg was the first living person to have a playable Lego mini-figure modelled after him. It was sold with several sets as part of the Lego Studios product range in the early 2000s. He lost the Best Director Oscar to Ang Lee both in 2006 and 2013. A lifelong fan of the 007 movies, he named Honor Blackman as his favorite Bond girl. Received a star on the Hollywood Walk of Fame. January 2003 He struggled with dyslexia his whole life but was not diagnosed until very recently (approx. 2007). The film 1041107210831073107710891099 (1985) was based on his group of childhood friends, which he referred to as the goon squad.. President of the jury at the 2013 Cannes Film Festival. He presented the Oscar for Best Director at the 57th Academy Awards in 1985. The winner was Milos Forman for 104010841072107610771081 (1984). During the presentation, Spielberg paid tribute to his friend Franois Truffaut who had recently died. Steven and his wife Kate Capshaw are very close friends with Michelle Pfeiffer and her husband David E. Kelley. They often vacation together and went to the White House Correspondents Dinner together. The first major star he worked with was Joan Crawford. who appeared in the segment of the pilot episode for Rod Serling s 105310861095108510721103 1075107210831077108810771103 (1969) which he directed. Crawford was initially skeptical about working with the then-inexperienced director, but her fears were soon allayed when she met with him and watched him at work. He, meanwhile, was surprised to find that Crawford was not demanding and made none of the outlandish requests which stars of her caliber were usually known to make. On the contrary, she was happy to give him advice about various aspects of film making which she had learned throughout her years in motion pictures, and gave him a lot of much needed encouragement. They quickly developed a strong working relationship, and as a result of her kindness became close friends, remaining so until her death. Is best friends with George Lucas and Oprah Winfrey. He was also best friends with Robin Williams until he passed away. He was a big fan of 1058107410801085 1055108010821089 (1990) and he was set to direct the first episode of the second season of the show before David Lynch decided to direct the episode himself. According to friend and veteran film editor Michael Kahn. Spielberg will not watch a cut of his film without temp music (temporary score). After having a great working relationship with Spielberg on 10431088107710841083108010851099 (1984), Spielberg produced the next two films Chris Columbus scripted, 1041107210831073107710891099 (1985), based on an idea Spielberg had, and 1052108610831086107610861081 106410771088108310861082 10611086108310841089 (1985), which was Columbuss idea, which altogether was two years working on those three films. Spielberg then wanted Columbus to script 1048108510761080107210851072 10441078108610851089 1080 108710861089108310771076108510801081 108210881077108910901086107410991081 10871086109310861076 (1989), a big step for Columbus as a writer. He accepted and went to meet Spielberg and George Lucas. two men he was very intimidated by, even though he had worked with Spielberg three times, and they were two of his cinematic heroes. Columbus acted as Spielberg and Lucass secretary on The Last Crusade for five days taking down all their ideas. Lucas dictated the screenplay to Columbus making him fearful of changing any of it, and that went against what Columbus had learned at film school. To him, the script seemed lifeless and without energy and there was nothing of Columbus in it. Columbus assumed Spielberg hired him for that last reason and when Columbus turned in the draft, he was fired from the picture for all the above flaws in the script. It was a defining moment in Columbuss career, to never again ignore his base instincts on a movie, or to be intimidated by the people he worked with. Spielberg had directed Columbo: Murder by the Book (1971), the very first episode of that famous series (not counting two pilot films). In the 3rd season episode Mind Over Mayhem (1974), screenwriters Steven Bochco and Dean Hargrove named the boy genius character Steve Spelberg. That episode was in production (airing in February) while Spielbergs breakthrough theatrical film The Sugarland Express (1974) was generating industry buzz prior to its April release. Personal Quotes (94) I think that the Internet is going to effect the most profound change on the entertainment industries combined. And were all gonna be tuning into the most popular Internet show in the world, which will be coming from some place in Des Moines. Were all gonna lose our jobs. Were all gonna be on the Internet trying to find an audience. Once a month the sky falls on my head, I come to and I see another movie I want to make. on friend Joan Crawford : She is five feet four, but she looks six feet on the screen. In a two-shot with anyone, even Gable, (Clark Gable ), your eyes fix on her. She is imperious, yet with a childlike sparkle. She is haughty, yet tender. She has no great range as an actress, yet within the range she can perform better than any of her contemporaries. I have made almost as many films in England as I have in America. I will come back to England again and again. I would love to see the British film industry get back on its feet again. I dont drink coffee. Ive never had a cup of coffee in my entire life. Thats something you probably dont know about me. Ive hated the taste since I was a kid. I dream for a living. Id rather direct than produce. Any day. And twice on Sunday. 10551086108310901077108810751077108110891090 (1982) is the darker side of my nature, its me when I was scaring my younger sisters half to death. In Poltergeist, I wanted to terrify and I also wanted to amuse - I tried to mix the laughs and screams together. I always like to think of the audience when I am directing. Because I am the audience. The older I get, the more I look at movies as a moving miracle. Audiences are harder to please if youre just giving them special effects, but theyre easy to please if its a good story. The audience is also the toughest critic - a good story that exists in your world may not be the first choice for an audience. So I just do the best I can. When asked about being conflicted whether to make more artistic films, or more commercial films: All the time, but when you have a story that is very commercial and simple, you have to find the art. You have to take the other elements of the film and make them as good as possible, and doing that will uplift the film. I dont work weekends. Weekends are for my kids. And I have dinner at home every night when Im not physically directing a movie - I get home by six. I put the kids to bed and tell them stories and take them to school the next morning. I work basically from 9.30 to 5.30 and Im strict about that. I think every film I make that puts characters in jeopardy is me purging my own fears, sadly only to re-engage with them shortly after the release of the picture. Ill never make enough films to purge them all. Im as guilty as anyone, because I helped to herald the digital era with 1055107210881082 1102108810891082108610751086 1087107710881080108610761072 (1993). But the danger is that it can be abused to the point where nothing is eye-popping any more. The difference between making 1063e10831102108910901080 (1975) 31 years ago and 10421086108110851072 10841080108810861074 (2005) is that today, anything I can imagine, I can realize on film. Then, when my mechanical shark was being repaired and I had to shoot something, I had to make the water scary. I relied on the audiences imagination, aided by where I put the camera. Today, it would be a digital shark. It would cost a hell of a lot more, but never break down. As a result, I probably would have used it four times as much, which would have made the film four times less scary. Jaws is scary because of what you dont see, not because of what you do. We need to bring the audience back into partnership with storytelling. Being a movie-maker means you get to live many, many lifetimes. Its the same reason audiences go to movies, I think. When my daughter Sasha (Sasha Spielberg ) was 5 years old, we would be watching something on TV and shed point to a character on screen and say, Daddy, thats me. Ten minutes later a new character would come on screen and shed say, No, Daddy. Thats me. Throughout the movie she would pick different people to become. I think thats what we all do. We just dont say it as sweetly. After a scary movie about the world almost ending, we can walk into the sunlight and say, Wow, everythings still here. Im OK We like to tease ourselves. Human beings have a need to get close to the edge and, when filmmakers or writers can take them to the edge, it feels like a dream where youre falling, but you wake up just before you hit the ground. What Im saying is that I believe in showmanship. Les temps ont changé. Its like when the first 747 landed at Los Angeles international airport: everybody thought flying through the sky was the most greatest marvel they had ever seen - floating through the air, seemingly in slow motion. Today we never even look at 747s. Theyre a dime a dozen and its that way with the blockbuster. If there was one blockbuster every three years, it meant a lot more than when you have a blockbuster every three weeks. Its the job of each of these studios to market these movies as the must-see movie of the year, so they go after blockbuster status by creating a grand illusion. Sometimes theyve got a real engine behind that grand illusion, meaning the movie is damned good and the audience will say they got their moneys worth. Other times, the audience comes on the promise of seeing something theyve never ever seen before and it becomes just another sci-fi action yarn and they feel disappointed. Ive learned that we can do just about anything under the sun with computers. So the question becomes, should we Or, should we remind ourselves, as filmmakers, to be careful and remember that there is nothing more important than how a story is told If storytelling becomes a byproduct of the digital revolution, then the medium itself is corrupted. On the other hand, if digital tools are simply a way to enhance a conventional story, then in that case, they can make telling that story easier. Its easier and more practical to show 20,000 soldiers in the Crimean War using computers, obviously. So, thats fine. But now, we have technology that can replace actors, or an entire performance in an already existing movie. We could cut out Humphrey Bogart and replace him with Vin Diesel. if somebody wanted. Who would want to Well, there might be people who would. Thats why we have to be careful. Movies reflect our cultural heritage from the period in time in which they were made. Therefore, altering them can destroy that historical perspective. Thats disrespectful of history, which is a big issue for me. The situation is like walking a tightrope - we have to move forward, but we have to be careful. I had dinner with the founder of Yahoo about seven years ago in Japan. I had my son, who is now sixteen, he was much younger then. I took him to a tea house. We had Geishas, they were serving us tea and I had a little soki and we were talking. And he kept sitting across from me and he kept saying Yahoo You have to know what Yahoo. and he was going crazy over this thing called Yahoo And I thought he was actually out of his brain. You know, because he kept talking about Yahoo and I thought he was trying to say Yahoo And he was, but I had no idea what he was building. And he was so thrilled with what was happening in his world. And this was way beyond my world at that time. And how I look back. I thought: God if I could have been a little bit nicer to that guy, he might have called me up and offered me a chance to invest early. (2002). During an interview with Roger Ebert regarding his film 105211021085109310771085 (2005) and the response from Jewish critics that claim it depicts Israeli and Palestinian causes as morally equivalent: Frankly, I think thats a stupid charge. The people who attack the movie based on moral equivalence are some of the same people who say diplomacy itself is an exercise in moral equivalence and that war is the only answer. That the only way to fight terrorism is to dehumanize the terrorists by asking no questions about who they are and where they come from. What I believe is, every act of terrorism requires a strong response, but we must also pay attention to the causes. Thats why we have brains and the power to think passionately. Understanding does not require approval. Understanding is not the same as inaction. Understanding is a very muscular act. If Im endorsing understanding and being attacked for that, then I am almost flattered. I feel like Ive been engaged to the British Empire since 1980 and tonight you have given me the ring knighthood. As long as theres been Transformers, Ive been one of the biggest fans. And I always thought that somewhere in this genius concept, there was a movie. Ill probably never win an Oscar, but Ill sure have a lot of fun I really believe that movies are the great escape 10441091110110831100 (1971) was almost a once-in-a-lifetime story. You dont get stories like that all the time. All those horrible, traumatic years I spent as a kid became what I draw from creatively today. The person I enjoy working for more than anyone else is George Lucas. Hes the best boss I ever had because hes the most talented boss I ever had. If I werent a director, I would want to be a film composer. I interpret my dreams one way and make a movie out of them and people see my movies and make them part of their dreams. At E3 games convention about partnership with EA: I am a gamer myself, and I really wanted to create a video game that I could play with my kids. The most expensive habit in the world is celluloid, not heroin, and I need a fix every two years. Disney is the birthplace of imagination and has always been as close to the worldwide audience as any company ever has. Receiving the Cecil B. DeMille award at the 66th Annual Golden Globe Awards Whenever I try to tell a risky story, whether its about sharks or dinosaurs, or about aliens or about history, Ill always be thinking, Am I going to get away with this When I dont have that worry, I wont make that movie. on seeing 10501088110510891090108510991081 1086109010771094 (1972) for the first time I felt that I should quit, that there was no reason to continue directing because I would never reach that level of confidence. on 1048108510761080107210851072 10441078108610851089 1080 10501086108810861083107710741089109010741086 109310881091108910901072108311001085108610751086 109510771088107710871072 (2008) Harrison became Indiana Jones in a millisecond. He came on set, he donned the hat and everything came with it his laconic sense of humour, his willingness to take a punch. and get hurt by that punch. All the things that Harrison, George, Larry Kasdan and I originally created. He brought all this back to life as if no time had elapsed since the third movie. My favourite memories from the shoot are my deepening respect for Harrison, not only as an actor but as a dear friend. Weve gone off and made other movies which mean our paths have not crossed all that often. Im not the most social guy in the world and neither is Harrison, so we didnt spend much time together, but we actually became great buddies on this movie, more even than on the first three. Its the best thing that came out of this experience for me. on James Cameron He gets a lot of points for being a techno-brat, but he is a very emotional storyteller. I think most of my movies are personal movies. I think the most personal movie Ive made is 105710871080108910861082 10641080108510761083107710881072 (1993). I think the second-most personal movie I have ever made is 1048108510861087108310721085107710901103108510801085 (1982). I also find 10621074107710901099 1083108010831086107410991077 10871086108310771081 (1985) to be a personal film for me. So Ive made a number of personal films. But I havent made a movie yet that is actually a mirror neuron of my factual life and I dont think I ever will. My sister wrote a script about our lives and that might come around again some day, but Ive always stayed away from anything that is too biographical. The one ingredient I bring to all of my films is the ability to listen to anybody who has a good idea on the production. Im very collaborative with actors, with my writers, with my editor, my cinematographer, with Johnny Williams who does all of my scores. And I just think from a very young age my parents taught me probably the most valuable lesson of my life - sometimes its better not to talk, but to listen. I never know what Im in for. Most of my presumptions about a production are usually wrong. For instance, with 105710871080108910861082 10641080108510761083107710881072 (1993) I was pretty certain that whatever came my way in Poland I could tolerate, and just put my camera between myself and the subject, and protect myself by creating my own aesthetic distance. And immediately, on the first day of shooting, that broke down. I didnt have that as a safety net and immediately I realized that that this was about to become the most personal professional experience of my life. It was a devastatingly insightful experience, but its something I still havent gotten over. I think back on the production of Schindlers List with very sad memories, because of the subject matter, not because of the working experience. The working experience was nearly perfect because everybody held on to each other in that production. We formed a circle. It was very therapeutic, and for a lot of people, it changed their lives. A lot of the actors, a lot of the crew, it changed their lives. It changed my life, for sure. But other productions Ive gone into with a blythe spirit, thinking, This films a pushover. Its often when I take that attitude, the movie turns around and runs over me as if it were a tank. So Ive tried my best to stop second-guessing what the working experience is going to be like. Because Im usually wrong. My movies are all different. Ive tried to make every movie as if it was made by a different director, because Im very conscious of not wanting to impose a consistent style on subject matter that is not necessarily suited to that style. So I try to re-invent my own eye every time I tackle a new subject. But its hard, because everybody has style. You cant help it. It just comes off you like pollen. I mean, if youre a bee, youre a bee, but at the same time I try very hard to work a little out of the box every time I make a choice. And I had to go back to a box that I had helped invent in the 1980s to accomplish the task of bringing Indiana Jones back to life in the 21st century. We went right back to the blazing Technicolor style of the first three installments. For 105211021085109310771085 (2005), I certainly tried to bring an early-70s Hollywood style, a cinma-vrit style, with zoom-lenses, and a lot of the tools that were used to make movies in the 70s, one of my favorites being 1044107710851100 106410721082107210831072 (1973), the Fred Zinnemann film. But I didnt want to update Indiana Jones to the 1950s beyond hair, makeup, costumes and cars. I wanted it to look very similar to the first three pictures. Ive never used John Williams to tell people how to feel. I use John Williams to enhance my vision and my thoughts emotionally from scene to scene. Hell signal when the shark is coming, which are the most famous single notes next to Beethovens Fifth. In telling a story, I will use every tool in my arsenal. I will do anything in my power to communicate the best story as I know how. on Janusz Kaminski I was watching television and saw his name on a TV movie, Wildflower (1991), that was beautifully photographed, so I called up the head of my TV department and asked him to consider hiring him to do a pilot we produced about the Civil War, Class of 61 (1993). The director agreed to use Janusz and he was great. I think Janusz has brought a lighting style to my movies that Id never had before. Even Allen Daviau who had done three pictures with me, who I think is the greatest lighting cameraman in town. But Janusz brought more daring, dangerous light into my films. I set the camera. I do all the blocking. I choose the lenses. I compose everything. But Janusz, basically, is my lighting guy. And hes a master painter with light hes made tremendous contributions to my work through his art. on if the soldiers journey is the ultimate heros journey - For one thing, I dont think that anybody in any war thinks of themselves as a hero. The minute anybody presumes that they are heroes, they get their boots taken away from them and buried in the sand. Thats not going to happen. In the re-creation of combat situations, and this is coming from a director whos never been in one, being mindful of what these veterans have actually gone through, you find that the biggest concern is that you dont look at war as a geopolitical endeavor. You look at war as something that is putting your best friend in jeopardy. You are responsible for the person in front of you and the person behind you, and the person to the left of you and the person to the right of you. Those are the small pods that will inadvertently create a hero, but that is someone elses observation, not the observation of those kids in the foxholes. Theres no other way to learn about it, except through documentaries. I encourage documentarians to continue telling stories about World War II. I think documentaries are the greatest way to educate an entire generation that doesnt often look back to learn anything about the history that provided a safe haven for so many of us today. Documentaries are the first line of education, and the second line of education is dramatization, such as The Pacific. on working on 10581080109310801081 10861082107710721085 (2010), 104110881072109011001103 10871086 108610881091107810801102 (2001) and 105710871072108910901080 10881103107610861074108610751086 105610721081107210851072 (1998) - What moved us to tell these stories, based on these survivors and veterans, was to see what happens to the human soul throughout this particular engagement. These islands were stepping stones to the mainland of Japan. We werent trained by the drill instructors stateside. We were trained by the enemy, in how to fight the enemy. They trained us how to fight like them. I dont want to compare one war to the other, in terms of savagery, but theres a level when nature and humanity conspire against the individual. To see what happens to those individuals, throughout the entire course of events, leading up to the dropping of the two atomic bombs, is something that was very, very hard for the actors, the writers and all of us to put on the screen, but we felt we had to try. In 105710871072108910901080 10881103107610861074108610751086 105610721081107210851072 (1998) I had a sense that I was establishing a template, based on the experiences communicated to me by the veterans who fought that morning on Dog Green, Omaha Beach, and their experiences, and the very few surviving photographs of the great war correspondent, Robert Capa. I combined those photographs to try to find a 24-frame-per-second equivalent for how I can show that kind of terror and chaos without making a movie that looked elegant and beautiful and in full living color, very much like war movies had been made in the past. It wasnt that I was trying to break the mold of the old war movie approach, visually, but I was simply trying to validate all of this testimony that had been communicated to us, based on the young men that lived and survived that battle. I didnt know it was going to establish a look for war movies, but it was certainly what I thought was right for that particular story. Im very relaxed about Oscars. Ill admit to you that I wasnt relaxed before I won for 105710871080108910861082 10641080108510761083107710881072 (1993). I was pretty much worried about it and almost wanted to get one behind me to get the anxiety out of my gut every time December reared its ugly head. So after I won for Schindlers and 105710871072108910901080 10881103107610861074108610751086 105610721081107210851072 (1998), I have no expectations of ever winning again. Whatever happens, happens. on Akira Kurosawa Kurosawa is the pictorial Shakespeare of our time. I had a lot to prove when I made 1048108510761080107210851072 10441078108610851089: 1042 1087108610801089108210721093 10911090108810721095107710851085108610751086 1082108610741095107710751072 (1981) because I had done three movies in a row that had gone wildly over budget and schedule, 1941 (1979), 1041108310801079108210801077 10821086108510901072108210901099 1090108810771090110010771081 1089109010771087107710851080 (1977) and 1063e10831102108910901080 (1975). I was ready to turn over a new leaf and Raiders was my chance to make a movie responsibly - under schedule and under budget. Fortunately George Lucas gave me a lot of support and help with preparation. I wasnt dreaming of big box office or making a classic all I was focused on was making a film the audience would like and doing it in a way that was fiscally responsible. I think we were all surprised by the worldwide success of Raiders. I remember hearing people quote lines from the film or seeing kids pretend to be the characters, and realizing that the film had gone beyond box office success and had entered popular culture. That was one of the happy aftershocks of making that movie. More than anything, we want our films to be watchable and Raiders is a movie I can watch with my kids and completely detach myself from the fact that I directed it. I sit back and enjoy it. For a kid who grew up dreaming of making memorable images, its a thrill to know Raiders is one of those films where people just have to see the silhouette of the main character, and they immediately think, Indiana Jones on his friend and frequent collaborator Michael Crichton Michaels talent out scaled even his own dinosaurs of Jurassic Park. He was the greatest at blending science with big theatrical concepts, which is what gave credibility to dinosaurs again walking the earth. In the early days, Michael had just sold The Andromeda Strain to Robert Wise at Universal and I had recently signed on as a contract TV director there. My first assignment was to show Michael Crichton around the Universal lot. We became friends and professionally Jurassic Park, ER, and Twister followed. Michael was a gentle soul who reserved his flamboyant side for his novels. There is no one in the wings that will ever take his place. About 105211021085109310771085 (2005) I am not attacking Israel with this film. In no way, shape or form am I doing that. Im simply asking why the world feels that the only acceptable response to violence is counter-violence. Im not answering that question. Just asking it. Daniel Day-Lewis would have always been counted as one of the greatest of actors, were he from the silent era, the golden age of film or even some time in cinemas distant future. When you listen, you learn, You absorb like a sponge - and your life becomes so much better than when you are just trying to be listened to all the time. When I did 104110861077107410861081 1082108610851100 (2011), I was struck by the reality of being out in the fresh air, seeing the sky changing and light moving, and seeing the performances in real time. But being corralled in a digital world with no way out on Tintin became so thrilling to me, I was completely enveloped and enraptured. I tried twice to get Cubby Broccoli to hire me to direct a Bond film. The first time I met him in person was after Id done 10441091110110831100 (1971). I told him I wanted to do a Bond picture more than anything else in the world and he said, We only hire British, experienced directors. So I failed in both categories. John has given movies a musical language that can be spoken and understood in every country on this planet. John Williams is the most common language through which people of all ages communicate and remember to each other why they love movies. I am the only person who can say that Ive collaborated with John for exactly half of his life. Without question, he has been the single most significant contributor to my success as a filmmaker. This nations greatest composer and our national treasure is also one of the greatest friends I have ever had in my entire life. There are parts of 1050107210871080109010721085 1050108811021082 (1991) I love. Im really proud of my work right up through Peter being hauled off in the parachute out the window, heading for Neverland. Im a little less proud of the Neverland sequences, because Im uncomfortable with that highly stylized world that today, of course, I would probably have done with live-action character work inside a completely digital set. But we didnt have the technology to do it then, and my imagination only went as far as building physical sets and trying to paint trees blue and red. About the criticism he received for 10621074107710901099 1083108010831086107410991077 10871086108310771081 (1985) Most of the criticism came from directors that felt that we had overlooked them, and that it should have been a black director telling a black story. That was the main criticism. The other criticism was that I had softened the book. I have always copped to that. I made the movie I wanted to make from Alice Walkers book. Alice was on the set a lot of the time and could have always stepped forward to say, You know, this is too Disney. This is not the way I envisioned the scene going down. She was very supportive during filmmaking, and so I felt that we were doing a good job adapting her novel. There were certain things in the lesbian relationship between Shug Avery and Celie that were finely detailed in Alices book, that I didnt feel could get a PG-13 rating. And I was shy about it. In that sense, perhaps I was the wrong director to acquit some of the more sexually honest encounters between Shug and Celie, because I did soften those. I basically took something that was extremely erotic and very intentional, and I reduced it to a simple kiss. I got a lot of criticism for that. on film My favorite and preferred step between imagination and image is a strip of photochemistry that can be held, twisted, folded, looked at with the naked eye, or projected on to a surface for others to see. It has a scent and it is imperfect. If you get too close to the moving image, its like impressionist art. And if you stand back, it can be utterly photo-realistic. You can watch the grain, which I like to think of as the visible, erratic molecules of a new creative language. After all, this stuff of dreams is mankinds most original medium, and dates back to 1895. Today, its years are numbered, but I will remain loyal to this analogue art-form until the last lab closes. on Daniel Day-Lewis. preparing to portray Abraham Lincoln Daniel did something first that made me sad. He wanted to wait a year. And it was a masterstroke because he had a year to do research. He had a year to find the character in his own private process. He had a year to discover how Lincoln sounded, and he found the voice. He had Lincoln so embedded in his psyche, in his soul, in his mind, that I would come to work in the morning and Lincoln would sit behind his desk, and we could begin. on filming 10511080108510821086108311001085 (2012) All during the picture I called Daniel Day-Lewis Mr. President, but that was my idea. I also wore a suit every day which I dont usually do when Im directing. Everybody was dressed up in their period wardrobe. I did not wear 19th century wardrobe. I wore pretty good clothes from this era. I just wanted to blend in. We knew we were in the 21st century at all times. But once you stepped onto the stages of the White House, everybody really felt that they were making a contribution to remembering this critical moment in our shared history. I dont plan my career. I dont think Ill go dark, dark, dark, then light, then dark. I react spontaneously to what falls into my arms, to what is right at the time. Ive never made a conscious choice, except maybe for the Indiana Jones sequels and 1047107210901077108811031085108510991081 108410801088: 1055107210881082 1070108810891082108610751086 1087107710881080108610761072 (1997). Theyre the only times Ive said, Okay, I need to make these pictures for the public because theyre craving it. Also, with Lost World, I hadnt directed for three years so I wanted to do something I felt secure making. I didnt want to make a serious picture like 105710871080108910861082 10641080108510761083107710881072 (1993). It boggles my mind how much I feel is left on my plate. There are things on the other side of the supper table stewing in pots that Im not really even aware of. I would retire if I didnt feel that way. 2009 on beginning film production at the age of eleven It cost me about fifty dollars to make the movie, and I would charge a quarter a ticket, and at the end of the summer I might have fifty-five dollars. Thats kind of the way Hollywood works today. Small margins. Interview on Inside the Actors Studio 14 March 1999 I think cutting-in-the-camera is the greatest lesson that any director can learn about filmmaking, because when you dont got it, you dont got it, and theres no way to go back and get it. I said to George theres only one person that can play Indys father and thats James Bond, and the original James Bond and the greatest James Bond, Sean Connery . I think that science fiction is the child of every soul with an imagination. Theres no predicting what the next generation of imaginative writers and directors be giving all of us. Sci-fi, in a way, is the greatest exercise. Its like turning your brain into a muscle. It just exercises every single aspect of your brain. It sometimes forces filmmakers to think, on the one hand, as a quantum physicist and, on the other hand, as a capricious idealist. Its fun. Its like when actors say they would rather play the villain than the hero because the villain has more character. Science fiction is the character of every genre. I actually have a dream sci-fi project that Im not ready to talk about yet. But its in the early, early, early planning stages and Im very excited about it. It will be an original screenplay. Im not going to write it. I wrote the story and somebody else will write the screenplay. 2001 laughingly, to composer John Williams who first played the theme for 1063e10831102108910901080 (1975) on the piano Well, that isnt going to do it. on discovering his calling in life I think it was A Tale of Two Cities. It was required reading. How do you require a child of lets say twelve years-old to read A Tale of Two Cities What I did was just make little stick figures in the dog-eared sections of the book, one frame at a time, in different positions. And it was like a flip-book. I just did flip-books and saw these images come to life. That was the first time I was able to create an image that moved. Ive often wondered what gets me to direct and what gets me to produce. Ive never been able to answer the question adequately even for myself. When something gets a stranglehold on me and compels me to direct it, I dont question why. I dont look a gift horse in the mouth. I just know what it feels like to be overwhelmed with a desire to make a movie. And I also know as a businessman what it means to be overwhelmed with a desire to produce a good story. But theres a great difference between production and direction for me. Once Im producing something, I never think, Gee, I wonder what it would have been like if I had directed it. I may often question choices I make as a producer. But Ive never questioned the choices I make as a director. Whether in success or in failure, Im proud of every single movie Ive ever directed. I get that same queasy, nervous, thrilling feeling every time I go to work. Thats never worn off since I was 12 years-old with my dads 8-millimeter movie camera. The thrill hasnt changed at all. In fact, as Ive gotten older, its actually increased, because now I appreciate the collaboration. When I was a kid, there was no collaboration, its you with a camera bossing your friends around. But as an adult, filmmaking is all about appreciating the talents of the people you surround yourself with and knowing you could never have made any of these films by yourself. My job was constantly to keep a movie family going. Im blessed with the same thing that John Ford and Howard Hawks and Alfred Hitchcock were blessed with, a mini-industry very similar to the one from the golden era of Hollywood, where it was the same people making movies with you each and every time. And it makes life so much more enjoyable when you get to go home to your family and go to work with your other family. on awarding the Palme dOr to 10461080107910851100 10401076107710831100 (2013) at the 2013 Cannes Film Festival The film was a great love story that made all of us privileged, not embarrassed to be flies on the wall, but privileged to have been invited to see this story of deep love and deep heartbreak evolve from the beginning in a wonderful way where time stood still, because the director didnt put any constraints on the narrative - he let the scenes play as long as scenes play in real life. We were absolutely spellbound by the brilliance of the performances and especially the way the director observed his players - the way he just let the characters breathe. The spaces were as important as what they said - what they werent saying - and we just felt that it was a profound love story and whether or not it plays in the United States was not a criterion for any of our choices. We didnt think about how it was going to play we just were really happy that somebody had the courage to tell the story the way they told it. on Richard Attenborough Dickie Attenborough was passionate about everything in his life - family, friends, country and career. He made a gift to the world with his emotional epic 10431072108510761080 (1982) and he was the perfect ringmaster to bring the dinosaurs back to life as John Hammond in 1055107210881082 1102108810891082108610751086 1087107710881080108610761072 (1993). He was a dear friend and I am standing in an endless line of those who completely adored him. I could never have been an accountant. I got a D in math. 2015 on 10531072107910721076 1074 1073109110761091109710771077 (1985) I just think the movie is so rich in story, and so rich in occurrence that I really liked it. And it was all in the script too. on Kodaks new Super 8 camera and film in general When I watch the news, I expect and want it to look like live television. However, I dont want that in my movies. I want our century-plus medium to keep its filmic look and I like seeing very fine, swimming grain up there on the screen. To me, its just more alive and it imbues an image with mystery, so its never literal. I love movies that arent literally up in my face with images so clear there is nothing left to our imaginations. Had I shot it on a digital camera, the Omaha Beach landings in 105710871072108910901080 10881103107610861074108610751086 105610721081107210851072 (1998) would have crossed the line for those that found them almost unbearable. Paintings done on a computer and paintings done on canvas require an artist to make us feel something. To be the curser or the brush, that is the question and certainly both can produce remarkable results. But doesnt the same hold true for the cinematic arts Digital or celluloid Vive la difference Shouldnt both be made available for an artist to choose 2016 on Super 8mm For me, 8mm was the beginning of everything. (. ) When I think of 8mm, I think of the movies. 2016 on directing I just love it. This is something that Ill be doing for the rest of my life. 2016 on John Ford I try to watch a John Ford film before I start work on any movie simply because he inspires me, and Im very sensitive to the way he paints his pictures, and the way he blocks people, and frames the action while giving the illusion that theres things happening outside of the camera when theres not. He celebrates the frame, not just what happens inside of it. Hes like a classic painter. So I have to watch 10481089108210721090107710831080 (1956). I have to. Almost every time. I never tire of it. It has so many superlatives. Salary (5) 1 500 000 of gross
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