Circulars/Notifications - Exchange Policy Department  
 F.E. Circular No. 07
January 20, 1993 

All Authorised Dealers
in Foreign Exchange,

Dear Sirs,

AGREEMENTS FOR TRANSFER OF TECHNOLOGY
PAYMENT OF ROYALTY/TECHNICAL FEE TO THE
FOREIGN COLLABORATORS:

Attention of Authorized Dealers in invited to F.E. Circular No.101 dated the 23rd December, 1992 regarding payments of Royalty / Technical Fee to the foreign collaborators.

2. The following sub-Para (iii) may be added in paragraph 10(a) III, Chapter XIV of the Foreign Exchange manual, 1987:- 

    "(iii) Payment of income tax supported by a certificate from the auditors of the paying firm. In case it is claimed that the amount of Royalty/Technical Fee is exempt from levy of Pakistan taxes, the applicant should invariably produce a certificate to this effect from the competent tax authority and the said certificate should be enclosed in original with the prescribed application to be sent alongwith other relevant documents while reporting the transaction to the Foreign Exchange Department".

3. Please bring the above to the notice of your constituents concerned.

 

View Update

       
Home
About SBP
Publications
Economic Data
Press Releases
Circulars/Notifications
Laws & Regulations
Monetary Policy
Help Desk
SBP Videos
Feedback
Contact us
What's New?
Speeches
Online Tenders
Web Links

Educational Resources
Regulatory Returns
Library
Rupey ko Pehchano
Events
Zahid Husain Memorial Lecture
Careers
Sitemap
 
Best view Screen Resolution : 1024 * 768
Copyright © 2016. All Rights Reserved.