Income Tax Ordinance, 2001

Chapter- II

CHARGE OF TAX

7. Tax on shipping and air transport income of a non-resident person.-(1) Subject to this Ordinance, a tax shall be imposed, at the rate specified in Division V of Part I of the First Schedule, on every non-resident person carrying on the business of operating ships or aircraft as the owner or charterer thereof in respect of-(a) the gross amount received or receivable (whether in or out of Pakistan) for the carriage of passengers, livestock, mail or goods embarked in Pakistan;…