Pakistan Revenue
Karachi, December 3, 2023 –Pakistan has unveiled a comprehensive tax treatment framework for royalty income earned by non-residents during the tax year 2024.
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State Bank of Pakistan (SBP) has revised foreign exchange manual related to Royalty, Franchise and Technical Fee (RFT) for ease of doing business. The central bank said that in order to implement the revised policy on RFT (Para 12, Chapter 14 of Foreign Exchange Manual), Authorized Dealers/banks shall set up a centralized unit to facilitate […]
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