Insertion of a New Clause in Part-l of the Second Schedule of the Income Tax Ordinance 2001

Government of Pakistan Revenue Division Federal Board of Revenue Islamabad, the 9th April, 2025 NOTIFICATION (Income Tax) S.R.O. 579(I)12025.- In exercise of powers conferred under sub-section (2) of section 53 of the Income Tax Ordinance, 2001 (XLIX of 200 1 ), the Board with the approval of the Federal Minister-in-charge pursuant to the approval of the Economic Coordination Committee of the Cabinet vide Case No. ECC- 3810612025 dated 20.02.205 and ratified by the Federal Cabinet vide Case No.l10/10/2025 dated 11.03.2025 is pleased to direct that the following further amendments shall be made in the Second Schedule to the said Ordinance, namely: In the aforesaid Schedule, in Part I, after omitted clause (98A), the following new clause shall be added, namely: - '(98AA) Any income derived by ICC Business Corporation (IBC) or International Cricket Council (ICC) or employees, officials, agents and representatives of IBC and ICC, officials from ICC members, players, coaches, medical doctors and officials of member countries, IBC partners and media representatives, other than persons who are resident ofPakistan, from ICC champions Trophy, 2025 hosted in Pakistan.". 1 (a7)SS (rTP)t2\2tl[F.No. (Naveed ukhtar) Secretary (Income Tax Budget)