{"id":64656,"date":"2020-04-25T10:00:00","date_gmt":"2020-04-25T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=64656"},"modified":"2020-04-24T16:27:28","modified_gmt":"2020-04-24T11:27:28","slug":"pakistan-bulgaria-enforce-convention-avoiding-double-taxation","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html","title":{"rendered":"Pakistan, Bulgaria enforce convention for avoiding double taxation"},"content":{"rendered":"\n<p>Islamabad: Pakistan and Bulgaria recently announced the enforcement of a convention for avoiding double taxation and preventing fiscal evasion against income taxes, a news source reported. Both sides had signed the convention last year; with it being set to become applicable starting July 1.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/declaration-of-foreign-assets-income-must-for-pakistanis-fbr.html\" target=\"_blank\" rel=\"noreferrer noopener\">Declaration of foreign assets, income must for Pakistanis: FBR<\/a><\/p>\n\n\n\n<p>In this regard, the Federal Board of Revenue (FBR) issued an SRO on Thursday. It stated that the convention would apply to taxes on income imposed on behalf of the \u2018Contracting State\u2019 (Pakistan or Bulgaria), or its local authorities or political subdivisions regardless of the manner in which the taxes apply.<\/p>\n\n\n\n<p>The SRO explained that the convention would apply to all taxes levied on total income or elements of the incomes \u2014 including taxes on gains from alienation of property (immovable or movable) and total salaries paid by organisations.<\/p>\n\n\n\n<p>In terms of existing taxes, the convention will apply to personal incomes, patent tax, and corporate income tax in case of Bulgaria. For Pakistan, the convention will apply to income and super taxes. According to the rules of the convention, the income of a resident of a Contracting State through immovable property \u2014 including agriculture or forestry \u2014 located in the other Contracting State may be levied in that other state.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/pak-bulgaria-agree-to-enhance-bilateral-trade-ties.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pak, Bulgaria agree to enhance bilateral trade ties<\/a><\/p>\n\n\n\n<p>For implementation of the convention\u2019s provisions or enforcement of domestic laws pertaining to all taxes imposed by the Contracting State (or its local authorities and political subdivisions), Pakistan and Bulgaria will exchange the relevant information through their authorities concerned. They will be able to share the relevant information as long as the taxation in subject was not contrary to the convention\u2019s rules.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan and Bulgaria recently announced the enforcement of a convention for avoiding double taxation and preventing fiscal evasion against income taxes, a news source reported. Both sides had signed the convention last year; with it being set to become applicable starting July 1. Read: Declaration of foreign assets, income must for Pakistanis: FBR In this regard, the Federal Board of Revenue (FBR) issued an SRO on Thursday. It stated that the convention would apply to taxes on income imposed on behalf of the \u2018Contracting State\u2019 (Pakistan or Bulgaria), or its local authorities or political subdivisions regardless of the manner in which the taxes apply. The SRO explained that the convention would apply to all taxes levied on total income or elements of the incomes \u2014 including taxes on gains from alienation of property (immovable or movable) and total salaries paid by organisations. In terms of existing taxes, the convention will apply to personal incomes, patent tax, and corporate income tax in case of Bulgaria. For Pakistan, the convention will apply to income and super taxes. According to the rules of the convention, the income of a resident of a Contracting State through immovable property \u2014 including agriculture or forestry&hellip;<\/p>\n","protected":false},"author":68,"featured_media":63123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[27262],"persona":[],"class_list":{"0":"post-64656","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-details-on-pakistan-bulgaria-enforce-convention-for-avoiding-double-taxation","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan, Bulgaria enforce convention for avoiding double taxation - Zameen News<\/title>\n<meta name=\"description\" content=\"Pakistan and Bulgaria recently announced the enforcement of a convention for avoiding double taxation and preventing fiscal evasion against income taxes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan, Bulgaria enforce convention for avoiding double taxation - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Pakistan and Bulgaria recently announced the enforcement of a convention for avoiding double taxation and preventing fiscal evasion against income taxes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-25T05:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Taxes.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Safina Sultan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Safina Sultan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pakistan, Bulgaria enforce convention for avoiding double taxation - Zameen News","description":"Pakistan and Bulgaria recently announced the enforcement of a convention for avoiding double taxation and preventing fiscal evasion against income taxes.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html","og_locale":"en_US","og_type":"article","og_title":"Pakistan, Bulgaria enforce convention for avoiding double taxation - Zameen News","og_description":"Pakistan and Bulgaria recently announced the enforcement of a convention for avoiding double taxation and preventing fiscal evasion against income taxes.","og_url":"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2020-04-25T05:00:00+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Taxes.jpg","type":"image\/jpeg"}],"author":"Safina Sultan","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Safina Sultan","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html"},"author":{"name":"Safina Sultan","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/0f7ad58ef43a9c16d70bfd31d586f512"},"headline":"Pakistan, Bulgaria enforce convention for avoiding double taxation","datePublished":"2020-04-25T05:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html"},"wordCount":291,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Taxes.jpg","keywords":["details on Pakistan &amp; Bulgaria enforce convention for avoiding double taxation"],"articleSection":["Legal &amp; Taxation"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html","url":"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html","name":"Pakistan, Bulgaria enforce convention for avoiding double taxation - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Taxes.jpg","datePublished":"2020-04-25T05:00:00+00:00","description":"Pakistan and Bulgaria recently announced the enforcement of a convention for avoiding double taxation and preventing fiscal evasion against income taxes.","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Taxes.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Taxes.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/pakistan-bulgaria-enforce-convention-avoiding-double-taxation.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Pakistan, Bulgaria enforce convention for avoiding double taxation"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/0f7ad58ef43a9c16d70bfd31d586f512","name":"Safina Sultan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/41ef23ce0eab3597842e7f43d50bc919f73ac1f4e11afa5f19ca36f6e55f832f?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/41ef23ce0eab3597842e7f43d50bc919f73ac1f4e11afa5f19ca36f6e55f832f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/41ef23ce0eab3597842e7f43d50bc919f73ac1f4e11afa5f19ca36f6e55f832f?s=96&d=mm&r=g","caption":"Safina Sultan"},"description":"Safina Sultan is a Content Developer at Zameen.com.","url":"https:\/\/www.zameen.com\/news\/author\/safina"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/64656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/68"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=64656"}],"version-history":[{"count":2,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/64656\/revisions"}],"predecessor-version":[{"id":64661,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/64656\/revisions\/64661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/63123"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=64656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=64656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=64656"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=64656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}