The Pakistan Federal Board of Revenue has issued a notification announcing that the protocol to the 2004 income tax treaty between Belarus entered into force on 7 June 2017. The protocol, signed 5 October 2016, is the first to amend the treaty and includes the following changes:
- Amends Article 2 (Taxes Covered) with respect to Belarusian taxes;
- Replaces Article 8 (Shipping and Air Transport) including expanded provisions;
- Amends Article 10 (Dividends) to increase the withholding tax rate fr…