Income Tax Ordinance, 2001

CHAPTER-VII

INTERNATIONAL PART IV AGREEMENTS FOR THE AVOIDANCE OF DOUBLE TAXATION AND PREVENTION OF FISCAL EVASION

Income Tax Ordinance, 2001 CHAPTER-VII INTERNATIONAL PART IV AGREEMENTS FOR THE AVOIDANCE OF DOUBLE TAXATION AND PREVENTION OF FISCAL EVASION From: 2024-12-29 - To: 0000-00-00 107. Agreements for the avoidance of double taxation and prevention of fiscal evasion.- 1[(1) The Federal Government may enter into a tax treaty, a tax information exchange agreement, a multilateral convention, an inter-governmental agreement or similar agreement or mechanism for the avoidance of double taxation or for the exchange of information for the prevention of fiscal evasion or avoidance of taxes 2[or assistance in the recovery of taxes] including automatic 3[and spontaneous] exchange of information with respect to taxes on income imposed under this Ordinance or any other law for the time being in force and under the corresponding laws in force in that country and may, by notification in the official Gazette, make such provisions as may be necessary for implementing the said instruments.] 4[(1A) Notwithstanding anything contained in any other law to the contrary, the Board shall have the powers to obtain and collect information when solicited by another country under a tax treaty, a tax information exchange agreement, a multilateral convention, an inter-governmental agreement, a similar arrangement or mechanism. (1B) Notwithstanding the provisions of the Freedom of Information Ordinance, 2002 (XCVI of 2002), 5[subject to clause (a) of sub-section (3) of section 216 of this Ordinance] any information received or supplied, and any concomitant communication or correspondence made, under a tax treaty, a tax information exchange agreement, a multilateral convention, a similar arrangement or mechanism, shall be confidential 6[***].] (2) 7[Subject to section 109, where] any agreement is made in accordance with sub-section(1), the agreement and the provisions made by notification for implementing the agreement shall, notwithstanding anything contained in any law for the time being in force, have effect in so far as they provide 8[at least one of the following:] - (a) relief from the tax payable under this Ordinance; (b) the determination of the Pakistan-source income of non-resident…