Double Taxation Agreement Pakistan
2. The imposition of a stable establishment that a firm of one contracting state has in the other contracting state is not perceived less favourably in that other state than the taxation applied to the enterprises of that other state carrying out the same activities. the agreement between the Republic of India and the Islamic Republic of Pakistan to avoid double taxation of international air transport revenues (a) that the agreements under the Islamic Republic of Pakistan Convention were concluded with the Government of the Islamic Republic of Pakistan for an exemption from double taxation with respect to income tax , corporate or capital gains tax and similar taxes imposed by Pakistani laws; 1. Nationals of a contracting state must not be subject to a different or heavier taxation or requirement in the other contracting state than the imposition and related requirements to which nationals of that other state are subject or may be subject in the same circumstances. In order to conclude an agreement to avoid double taxation of income from international air transport: 1. The competent authorities of the contracting states exchange the information necessary to enforce the provisions of this Convention or to prevent fraud or the management of legal provisions against circumvention of the taxes covered by this Convention. , to the extent that the imposition of this agreement is not contrary to this convention. All information received from a State Party is considered secret and is disclosed only to persons or authorities (including courts and administrative services) who participate in the assessment or collection, execution or prosecution, or determination of remedies for taxes covered by this Convention. These persons or authorities may only use this information for such purposes. They may disclose information in the context of public court proceedings or in court decisions.
3. Notwithstanding paragraph 2 of this article, interest incurred in a contracting state is exempt from tax in that state if it is owned by the government of another contracting state or a government or territorial authority, or if it receives, subject to the agreement of the competent authorities of the contracting states, an authority or an instrumental domain of that government or local authority. The attached agreement between the Republic of India and the Islamic Republic of Pakistan on the prevention of double taxation of international air transport revenues came into force on 1 August 1989, when the two States Parties became aware of the completion of the procedures under their respective law in accordance with Article 5 of that agreement, report 5 of that agreement. 1. Where a resident of a contracting state considers that the actions of one or both contracting states result in or lead to an imposition that does not comply with the provisions of this Convention, he may submit his case to the competent authority of the contracting state of which he resides, regardless of the remedies provided by the domestic law of those States. 1. This Convention does not affect the tax privileges granted to members of diplomatic or permanent missions or consular representations in accordance with the general rules of international law or the provisions of specific agreements. There are provisions that protect nationals and businesses in one country from discriminatory taxation in the other country (Article 24), as well as for consultations and information exchange between the competent authorities of the two countries (Articles 25 and 26).
Pakistan has implemented tax agreements with more than 66 countries (see the withholding tax section in the corporate tax summary for a list of countries with which Pakistan has a tax agreement).