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.
TheFederal Board of Revenue (FBR)issued theIncome Tax Ordinance, 2001updated up to June 30, 2021. The Ordinance incorporated amendments brought throughFinance Act, 2021.
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.
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