Lahore 23°C
Karachi 28°C
Resident company
(a) it is incorporated or formed by or under any law in force in Pakistan;
(b) the control and management of the affairs of the company is situated wholly in Pakistan at any time in the year; or (c) it is a Provincial Government or Local Government in Pakistan.
(b) the control and management of the affairs of the company is situated wholly in Pakistan at any time in the year; or (c) it is a Provincial Government or Local Government in Pakistan.
Amendment history (3)
- The words “or almost wholly” omitted by the Finance Act, 2003.
- The words “local authority” substituted by the Finance Act, 2008.
- Sub-section (1) substituted by the Finance Act, 2023. The substituted sub-section
Amendment notes captured from the source page(s); they may include changes to neighbouring provisions.
Source FBR PDF page 152
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.