Income Tax Ordinance, 2001 has defined the meaning of ‘foreign source of income’ derived by Pakistani individual by working or giving services abroad. Income Tax Ordinance, 2001 updated up to June 30, 2020 issued by the Federal Board of Revenue (FBR) stated that an amount shall be foreign-source income to the extent to which it […]

Income Tax Ordinance, 2001 has explained the meaning of ‘fee for technical services’ rendered by non-resident persons to users in Pakistan. The Income Tax Ordinance, 2001 updated up to June 30, 2020 issued by the Federal Board of Revenue (FBR) explained the fee for offshore digital services as: “Fee for technical services” means any consideration, […]

Income Tax Ordinance (ITO), 2001 has explained the meaning of employee and employer for calculation and imposition of income tax. The Income Tax Ordinance, 2001 updated up to June 30, 2020 issued by the Federal Board of Revenue (FBR) explained the terms as: “Employee” means any individual engaged in employment; “Employer” means any person who […]

Income Tax Ordinance (ITO), 2001 has defined ‘electronic record’ as electronic resources or information in electronic form. The Income Tax Ordinance, 2001 – updated up to June 30, 2020 issued by the Federal Board of Revenue (FBR) – explained the following: “Electronic record” includes the contents of communications, transactions and procedures under this Ordinance, including […]