Amendment in Second Schedule of Income Tax Ordinance
SRO 887(I)/2018 is an Income Tax SRO dated 23 July 2018, listed by FBR as "Amendment in Second Schedule of Income Tax Ordinance".
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 23rd July, 2018.
NOTIFICATION
(Income Tax)
S.R.O. 887(I)/2018. - In exercise of the powers conferred by sub-section (2) of section 53 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government 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-,
(a) in Part I, after clause (143), the following new clauses shall be added, namely:-
"(144) Profits and gains derived by individuals from any source in the districts of Chitral, Dir and Swat (which includes Kalam), the former Tribal Area in Kohistan district, Malakand former Protected Areas the former Tribal Area adjoining Mansehra district, the former State of Amb, Zhob district, Loralai district (excluding Duki Tehsil), Dalbandin Tehsil of Chagai district and Marri and former Bugti Tribal territories of Sibi district, former Tribal Areas adjoining the districts of Peshawar, Kohat, Bannu, Lakki Marwat, Dera Ismail Khan, Tank as well as former Tribal Areas i.e. Bajaur Agency, Orakzai Agency, Mohmand Agency, Khyber Agency, Kurram Agency, North Waziristan Agency and South Waziristan Agency, provided that existing business set ups register themselves with field offices of FBR by 30th September, 2018.
Page 2
(145) Profits and gains of existing businesses conducted by association of persons and companies from any source in the districts of Chitral, Dir and Swat (which includes Kalam), the former Tribal Area in Kohistan district, Malakand former Protected Areas the former Tribal Area adjoining Mansehra district, the former State of Amb, Zhob district, Loralai district (excluding Duki Tehsil), Dalbandin Tehsil of Chagai district and Marri and former Bugti Tribal territories of Sibi district, former Tribal Areas adjoining the districts of Peshawar, Kohat, Bannu, Lakki Marwat, Dera Ismail Khan, Tank as well as former Tribal Areas i.e. Bajaur Agency, Orakzai Agency, Mohmand Agency, Khyber Agency, Kurram Agency, North Waziristan Agency and South Waziristan Agency, provided that existing business set ups register themselves with field offices of FBR by 30th September, 2018.
Provided further that the exemption under this clause shall be restricted to the association of persons and companies whose registered offices are in the aforesaid Areas.
(b) in Part IV, after clause (105), the following new clause shall be added, namely:-
"(106) The provisions of sections in Division III of Part V of Chapter X and Chapter XII of the Ordinance for deduction or collection of tax shall not apply in the districts of Chitral, Dir and Swat (which includes Kalam), the former Tribal Area in Kohistan district, Malakand former Protected Areas the former Tribal
Page 3
Area adjoining Mansehra district, the former State of Amb, Zhob district, Loralai district (excluding Duki Tehsil), Dalbandin Tehsil of Chagai district and Marri and former Bugti Tribal territories of Sibi district, former Tribal Areas adjoining the districts of Peshawar, Kohat, Bannu, Lakki Marwat, Dera Ismail Khan, Tank as well as former Tribal Areas i.e. Bajaur Agency, Orakzai Agency, Mohmand Agency, Khyber Agency, Kurram Agency, North Waziristan Agency and South Waziristan Agency, if the payer and the recipient are residents of the aforesaid areas.
Provided the provision of section 149 shall not apply in respect of persons working in the aforesaid areas even if the payer resides outside the aforesaid areas."
[F.No. 1(79) Secy (ITP) / 2018]
(Dr. Muhammad Iqbal)
Additional Secretary
Related Income Tax SROs on exemptions and concessions
- SRO 1213(I)/20185 October 2018Exemption from extension of Federal Taxes to erstwhile FATA/PATA
- SRO 234(I)/201813 February 2018Exemption from Applicability of Section 5A of the Income Tax Ordinance 2001 to Companies with Special Agreement with Government of Pakistan
- SRO 79(I)/201829 January 2018Exemption from Withholding Tax on import of construction material to M/s CSCEC
- SRO 29(I)/201812 January 2018Exemption from the Provisions of section 113 of Income Tax Ordinance, 2001 for public Sector Universities
- SRO 1280(I)/201722 December 2017Amendment in Part-III & Part-IV of the Second Schedule to the Income Tax Ordinance, 2001
- SRO 1217(I)/201724 November 2017Exemption from the provisions of section 7B of the Income Tax Ordinance 2001, for recipients of profit on debt from Behbood Saving Certificates or Pensioners' benefit accounts