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Tax on Foreign Remmitance in Pakistan | Foreign Remittance Taxation | Complete Guide
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#taxonforeignremittanceinpakistan
#treatmentofforeignremittanceintaxreturnfbr
#foreignremittance
In this video, I will explain the treatment of foreign remittance in pakistan as per tax rules.
Foregin Remittance Conditions:
That Money should be received from abroad (Foregin currency)
That Money should be received through proper Banking Channel
You should convert that particular sum of money from same bank into Pak rupee
The Same Bank should provide you Certificate of encashment
If above all the conditions are fulfilled, only then that particular amount would be traeted as Foreign Remittance.
Foreign Remittance is tax exempt Updto Rs. 5,000,000 in a particular tax year (01 July to 30 June). More than that 5 Million, tax will be applicable
Note: The cash you travel with yourself in Pakistan is not traeted as Foreign Remmintance
If you still have any query, feel free to contact me at 0303-4373076
#treatmentofforeignremittanceintaxreturnfbr
#foreignremittance
In this video, I will explain the treatment of foreign remittance in pakistan as per tax rules.
Foregin Remittance Conditions:
That Money should be received from abroad (Foregin currency)
That Money should be received through proper Banking Channel
You should convert that particular sum of money from same bank into Pak rupee
The Same Bank should provide you Certificate of encashment
If above all the conditions are fulfilled, only then that particular amount would be traeted as Foreign Remittance.
Foreign Remittance is tax exempt Updto Rs. 5,000,000 in a particular tax year (01 July to 30 June). More than that 5 Million, tax will be applicable
Note: The cash you travel with yourself in Pakistan is not traeted as Foreign Remmintance
If you still have any query, feel free to contact me at 0303-4373076
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