ایف بی آر کا غیر ملکی کرنسی اکاؤنٹس پر کیپیٹل گینز پر ودہولڈنگ ٹیکس لازمی قرار

The FBR has issued a circular requiring banks to deduct withholding tax from capital gains on debt instruments and government securities invested through Foreign Currency Value Accounts (FCVAs), Foreign Currency Business Value Accounts (FCBVAs), Non-Resident Rupee Value Accounts (NRVAs), and Non-Resident Rupee Business Value Accounts (NRBVAs). This measure aims to streamline tax collection on investments by non-residents and foreign currency holders. The circular also clarifies exemptions for profit on debt from non-resident rupee accounts and reduces minimum tax rates for certain distributors. This regulatory update could influence foreign investor sentiment towards Pakistani debt markets, potentially having a minor, long-term impact on USD/PKR stability.

بحوالہ / Source: www.brecorder.com