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Amendments to Trademark Laws
Sep 15, 2015
(Newsletter Issue 14/15)
Pakistan
Show Country Survey
Amended Terms and IP Related Fees Increased
The Sindh Finance Act 2015 has made some amendments to various statutes including the Sindh Sales Tax on Services Act, 2011. The following terms have been defined therein:
(54A) “intellectual property right” means and includes any right of intangible property, anything produced by the mind, trade mark, patent, design including industrial design, layout design (topographies) of integrated circuits, copyright or any other similar intangible property as defined in clause (g) of section 2 of the Intellectual Property Organization of Pakistan Act, 2012 (Act No. XXII of 2012) and covered by the Intellectual Property Laws specified in clause (h) of section 2 thereof or under any other law for the time being in force;
(54B) “intellectual property service” means any service provided or rendered to a person by any person by transferring temporarily or permitting the use or enjoyment of an intellectual property right.
Further, the Sindh Revenue Board (SRB) of Pakistan has issued a notification stipulating that 10% sales tax will be added on all Intellectual Property services offered in Pakistan.
Source:
Vellani & Vellani, Pakistan
and www.agip.com
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