masifjamil replied on Friday, September 9, 2011 08:13 AM
Dear Mr. Usman:
1) Please note that there are two types of income, Pakistan source income and the second is outside Pakistan source income. Your outside Pakistan source income is not taxable in Pakistan because your status is non resident. Had you been resident, then your such income would have been taxable in Pakistan as well. Your Pakistan source income, if any, is however taxable in Pakistan.
2) Income tax is payable on income and property tax is payable on property. If you hold any property, like house, then you have to pay property tax.Even if you don't reside in Pakistan, you have to pay property tax.
3) No new tax is under consideration in Pakistan at present. The budget has already been passed in June and next would be coming in June 2012. There are no chance that foreign income would be subject to taxation in next years as the FBR even cannot collect taxes from locals. Expatriate Pakistan contribute a lot in shape of foreign currency and thats all the Govt. needs. |
