Income Tax Ordinance, 2001

CHAPTER-VII

INTERNATIONAL PART II TAXATION OF FOREIGN-SOURCE INCOME OF RESIDENTS

Income Tax Ordinance, 2001 CHAPTER-VII INTERNATIONAL PART II TAXATION OF FOREIGN-SOURCE INCOME OF RESIDENTS From: 2024-12-29 - To: 0000-00-00 (8) In this section,- “average rate of Pakistan income tax” in relation to a taxpayer for a tax year, means the percentage that the Pakistani income tax(before allowance of the tax credit under this section) is of the taxable income of the taxpayer for the year; “foreign income tax” includes a foreign withholding tax; and “net foreign-source income” in relation to a taxpayer for a…