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Tuesday, May 31, 2011

::: vuaskari.com ::: Fin 623 GDB solution

Treatment of Salary through employment Exercised in Pakistan:

Salary received by Mr. Kim will be Taxable under (Section 101)
"Pakistan Source Income" of the Income Tax Ordinance 2001.

DETAILS for enhance knowledge:

As Samsung which is a foreign company but have a branch office in
Pakistan its means that Samsung is working in Pakistan through
Permanent Establishment in Pakistan so it will be a resident company
here and any salary paid by a resident company is Pakistan Source
income and also any salary which can be earn through employment
excercised in Pakistan will be chargeable to tax under Pakistan Source
Income.
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Umer Nazir Ghumman

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