S.R.O. 862(I)/2003, Islamabad, the 2nd September, 2003

SROS: S.R.O. 862(I)/2003, Islamabad, the 2nd September, 2003 Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income on 26th January, 1998 S.R.O. 862(I)/2003, Islamabad, the 2nd September, 2003:- WHEREAS the Government of the Islamic Republic of Pakistan and the Government of the Republic of South Africa Signed a Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income on 26th January, 1998, reproduced in the Annex to this notification; AND WHEREAS both sides have notified each other of the completion of the procedures required for bringing into force of the said Convention in terms of Article 27 of the Convention, the later being on the 9th March, 1999, on which date the Convention entered into force; NOW, THEREFORE, in exercise of the powers conferred by section 107 of the g Income Tax Ordinance, 2001(XLIX of 2001), the Federal Government is pleased SS to direct that the provisions of the said Convention shall have effect from the 9th 53 day of March, 1999 and shall apply:- (a) in Pakistan: (i) with regard to taxes withheld at source, in respect of amounts paid or credited on or after the 1st day of July 1999; and (ii) with regard to other taxes, in respect of taxable years beginning on or after the 1st day of July 1999; (b) in South Africa: (i) with regard to taxes withheld at source, in respect of amounts paid or credited on or after the 1st day of January, 2000; and (ii) with regard to other taxes in respect of taxable years beginning on or after the 1st day of January, 2000. Vakil Ahmad Khan Additional Secretary/ Member(Direct Taxes) Annex CONVENTION FOR AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME BETWEEN The Republic Of South Africa AND The Islamic Republic of Pakistan CONVENTION BETWEEN THE GOVERNMENT OF THE ISLAMIC REPUBLIC OF PAKISTAN AND THE GOVERNMENT OF THE REPUBLIC OF SOUTH AFRICA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME PREAMBLE The Government of the Islamic Republic of Pakistan and the Government of Republic…