Section 5
Valuation Of Foreign Investment
5. Valuation of foreign investment :
The Tax Officer shall, on the following basis, valuate foreign investment for the purpose of the foreign investment tax leviable on such investment pursuant to the prevailing Act:
(a) The value of security share, bank account and such type of investment in cash and goods in-kind shall be determined as per the market price prevailing on the day on which the fiscal year begins. In case where market price cannot be ascertained, it shall be valuated as per the face value.
(b) The value of house (building) and land shall be determined on the basis of rental value of the respective place.
The Tax Officer shall, on the following basis, valuate foreign investment for the purpose of the foreign investment tax leviable on such investment pursuant to the prevailing Act:
(a) The value of security share, bank account and such type of investment in cash and goods in-kind shall be determined as per the market price prevailing on the day on which the fiscal year begins. In case where market price cannot be ascertained, it shall be valuated as per the face value.
(b) The value of house (building) and land shall be determined on the basis of rental value of the respective place.