ITO-2001 defines resident, non-resident persons
ISLAMABAD: Income Tax Ordinance, 2001 has defined resident and non-resident Pakistan for the purpose of apply rate of income tax on domestic source of income. The Federal Board of Revenue (FBR) issued ITO 2001 (updated June 30, 2020) and differentiated residents and non-resident Pakistanis. Various sections of Income Tax Ordinance, 2001 explains the definition: Section […]