Tax rates on payments to non-residents during TY22

The advance tax rates on payments to non-residents for the tax year 2022 are under the First Schedule of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. (1) The rate of tax to be deducted from a payment referred to in … Continue reading Tax rates on payments to non-residents during TY22