Category Archives: Income Tax

Comments on Finance (Supplementary) Bill, 2023

Comments on Finance (Supplementary) Bill, 2023 included changes made in Income tax, Sales tax and Federal Exercise. Income Tax Ordinance, 2001 The Bill proposes to amend Section 37 of the Ordinance by inserting new sub-sections, which would require the purchaser of shares in a company to withhold ad...
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Avoidance of double taxation treaties is a source of contention for tax officers, foreign firms, and agents.

The avoidance of double taxation treaties between Pakistan and foreign countries has long been a source of contention between tax officials and foreign companies and their agents in Pakistan. They continued by saying that the taxation authorities spare no time in issuing letters whenever they discov...
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