Pakistan waives Tax on ICC and Foreign Players from Champions Trophy
Pakistan waives tax for the ICC and overseas players competing in the Champions Trophy. The Economic Coordination Committee (ECC) granted the exemption as part of the ICC’s hosting agreement.
Pakistan waives tax, however local players and PCB officials will still require paying taxes. While the government grants tax relief to foreign cricketers. Salary professionals are asked to repay tax breaks from previous years.
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In addition, the ECC prolonged Pakistan’s LNG agreement with Azerbaijan’s SOCAR and authorized a Rs6.9 billion grant for legislative projects.
In terms of the competition, the UAE will co-host India’s matches, as this is Pakistan’s first big cricket event since 1996.
The government granted these tax breaks without going through parliament, citing international agreements as the justification. This decision has stirred criticism, highlighting the disparity between tax laws for foreign corporations and the financial burdens imposed on Pakistani professionals.
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Pakistan waives tax on ICC and Foreign Players from Champions Trophy
DescriptionPakistan waives tax for the ICC and overseas players competing in the Champions Trophy. The ECC granted the exemption.
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ADMIN
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WHATSHAPPENING.PK
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