Karachi, December 4, 2024 – The Federal Board of Revenue (FBR) has updated advance tax rates for foreign TV dramas, plays, and advertisements in Pakistan for the tax year 2025. These changes aim to regulate content featuring foreign talent and promote compliance within the entertainment industry. The revised tax rates fall under Section 236CA of the updated Income Tax Ordinance, 2001, which mandates the collection of advance tax on foreign content aired on landing rights channels in Pakistan. Key Provisions of Section 236CA: 1. Tax on Foreign TV Plays and Dramas: Licensing authorities certifying any foreign TV drama serial or a play dubbed in Urdu or other languages for screening must collect advance tax at the specified rates. 2. Tax on Advertisements Featuring Foreign Actors: Licensing authorities certifying advertisements featuring foreign actors for airing on landing rights channels are required to collect advance tax at the specified rates. 3. Minimum Tax Requirement: The collected advance tax is treated as the minimum tax for income arising from the certified drama serials, plays, or advertisements. Updated Tax Rates: •…