s. 236Y

Advance tax on persons remitting amounts abroad through credit or debit or prepaid cards

Transitional Advance Tax Provisions

(1) Every banking company shall collect advance tax, at the time of transfer of any sum remitted outside Pakistan, on behalf of any person who has completed a credit card or debit card or prepaid card transaction with a person outside Pakistan at the rate specified in Division XXVII of Part IV of the First Schedule.
(2) The advance tax collected under this section shall be adjustable.

Amendment history (6)

Section 236W omitted through Finance Act, 2019, omitted section read as follow
Section 236X omitted through Finance Act, 2020 dated 30 June, 2020 omitted section read as
Inserted by the Finance Act, 2018.
Section 236Y omitted by the Finance Act, 2021. The omitted section
Section 236Y inserted by the Finance Act, 2022.
Section 236Z inserted by the Finance Act, 2023.

Amendment notes captured from the source page(s); they may include changes to neighbouring provisions.

Source FBR PDF page 493

Unofficial reference, compiled from the FBR’s consolidated Income Tax Ordinance 2001 (amended up to 30 June 2026). Provided for general information only — not an official FBR publication and not legal or tax advice. Always verify against the official FBR text before relying on it for filing or any decision.