Income Tax Ordinance, 2001

CHAPTER-VIII

ANTI-AVOIDANCE

From: 2023-07-01 - To: 0000-00-00 (2) For the purpose of this section, controlled foreign company means a non-resident company, if- (a) more than fifty percent of the capital or voting rights of the non-resident company are held, directly or indirectly, by one or more persons resident in Pakistan or more than forty percent of the capital or voting rights of the non-resident company are held, directly or indirectly, by a single resident person in Pakistan; (b) tax paid, after taking into account any foreign tax credits available to the non-resident company, on the income…