The Income Tax Ordinance, 2001 (ITO) is the primary legislation governing income tax in Pakistan. It was enacted by the Parliament of Pakistan on 17th June, 2001 and came into force on 1st July, 2001. The ITO has been amended several times since its enactment, most recently in 2022
F.No.2(1)/2001—Pub.— The following Ordinance promulgated by the President is hereby published for general information:—
AN ORDINANCE
To consolidate and amend the law relating to income tax
WHEREAS it is expedient to consolidate and amend the law relating to income tax and to provide for matters ancillary thereto or connected therewith;
WHEREAS the President is satisfied that circumstances exist which render it necessary to take immediate action;
NOW, THEREFORE, in pursuance of the Proclamation of Emergency of the fourteenth day of October, 1999, and the Provisional Constitution Order No. 1 of 1999, read with Provisional Constitutional Amendment Order No. 9 of 1999, and in exercise of all powers enabling him in that behalf, the President of the Islamic Republic of Pakistan is pleased to make and promulgate the following Ordinance:—
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