Jul 8

Pakistan imposes tax at 10% on money transfers to non-residents

KARACHI: Pakistan has imposed tax at 10 per cent on non-resident persons not having permanent establishment in the country deriving income for various financial services. According to interpretation of Finance Act, 2022 by PwC A. F. Ferguson & Co., non-resident persons not having a Permanent Establishment in Pakistan deriving income in the form of fees […]

by Anjum Shah

Tax on payment to non-residents Section 6

Jul 19

Taxation

Tax on payment to non-residents Section 6

ISLAMABAD: Section 6 of Income Tax Ordinance, 2001 deals with tax chargeability on certain payments made to non-residents. The Federal Board of Revenue (FBR) issued the updated Income Tax Ordinance, 2001. The Ordinance incorporated amendments brought through Finance Act, 2021. Following is the text of Section 6 of Income Tax Ordinance, 2001: Section 6. Tax […]

by Hamza Shah

Tag: non-resident

Pakistan imposes tax at 10% on money transfers to non-residents

Tax on payment to non-residents Section 6

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