Insertion of a New Clause in Part-l of the Second Schedule of the Income Tax Ordinance 2001
SRO 579(I)2025 is an Income Tax SRO dated 9 April 2025, listed by FBR as "Insertion of a New Clause in Part-l of the Second Schedule of the Income Tax Ordinance 2001".
FBR publishes this SRO as scanned images, so the text below was transcribed by Qanoon Digest from the page images, with tables set out as tables. Check the official PDF before relying on any wording or figure.
Page 1
Government of Pakistan
Revenue Division
Federal Board of Revenue
Islamabad, the 9th April, 2025
NOTIFICATION
(Income Tax)
S.R.O. 579(I)/2025. - In exercise of powers conferred under sub-section (2) of section 53 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Board with the approval of the Federal Minister-in-charge pursuant to the approval of the Economic Coordination Committee of the Cabinet vide Case No. ECC-38/06/2025 dated 20.02.205 and ratified by the Federal Cabinet vide Case No.110/10/2025 dated 11.03.2025 is pleased to direct that the following further amendments shall be made in the Second Schedule to the said Ordinance, namely: -
In the aforesaid Schedule, in Part I, after omitted clause (98A), the following new clause shall be added, namely: -
"(98AA) Any income derived by ICC Business Corporation (IBC) or International Cricket Council (ICC) or employees, officials, agents and representatives of IBC and ICC, officials from ICC members, players, coaches, medical doctors and officials of member countries, IBC partners and media representatives, other than persons who are resident of Pakistan, from ICC champions Trophy, 2025 hosted in Pakistan.".
[F.No.1(47)SS(ITP)/2021]
(Naveed Mukhtar)
Secretary (Income Tax Budget)
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