The rate of tax on shipping or air transport income of a non-resident persons has been defined under Section 7 of Income Tax Ordinance, 2001.
Following are the tax rates on Shipping or Air Transport Income of a Non-resident Person:
The rate of tax imposed under section 7 shall be –
(a) in the case of shipping income, 8% of the gross amount received or receivable; or
(b) in the case of air transport income, 3% of the gross amount received or receivable.
(Disclaimer: The text of above section is only for information. Team PkRevenue.com makes all efforts to provide the correct version of the text. However, the team PkRevenue.com is not responsible for any error or omission.)