The FBR has amended Rule 80B of Income Tax Rules, 2002 through an SRO.466(I)/2016 issued here on Thursday. The FBR has issued separate procedures/conditions for non-resident companies (having no Permanent Establishment in Pakistan) and a non-resident company having Permanent Establishment in Pakistan. According to the new procedure, a non-resident company having Permanent Establishment in Pakistan, required to be registered shall provide name of company; business address; accounting period; phone No of business; principal business activity; address of principal place of business; registration number and date of the branch with the Securities Exchange Commission of Pakistan (SECP); name and address of principal officer or authorised representative of the company; authority letter for appointment of principal officer or authorised representative of the company cell phone of principal officer or authorized representative of the company and email address of principal officer or authorized representative of the company.
A non-resident company not having Permanent Establishment in Pakistan, required to be registered shall provide name or company; business address in the foreign country; name and nationality of directors or trustees of the company; accounting period; name and address of authorized representative of the company; authority letter for appointment of authorized representative of the company; cell phone of authorized representative of the company; email address of authorized representative of the company; principal business activity and tax registration or incorporation document from concerned regulatory authorities of the foreign country.
Source: Business Recorder: FBR issues separate procedures/conditions
