In a move aimed at facilitating the smooth and successful hosting of the ICC Champions Trophy 2025, the Federal Board of Revenue (FBR) has issued a notification granting significant income tax exemptions to various stakeholders involved in the prestigious cricket tournament.
The notification, numbered S.R.O. 579(I)/2025 and dated April 9, 2025, outlines exemptions for the International Cricket Council (ICC), its commercial arm ICC Business Corporation (IBC), and a range of individuals associated with the event who are not residents of Pakistan.
According to the official document, the income tax exemption will apply to income derived by IBC, ICC, their employees, officials, agents, and representatives. Additionally, officials from ICC member countries, players, coaches, medical doctors, and officials of member nations will also benefit from this tax relief. IBC partners and media representatives from outside Pakistan are also included in the exemption.
The decision to grant these exemptions follows approvals from the Economic Coordination Committee (ECC) of the Cabinet on February 20, 2025, and subsequent ratification by the Federal Cabinet on March 11, 2025. The legal basis for this notification is sub-section (2) of section 53 of the Income Tax Ordinance, 2001.
This step is seen as a crucial measure to encourage international participation and investment in the ICC Champions Trophy, which is scheduled to be held in Pakistan later this year. By offering tax relief to non-resident stakeholders, the government aims to create a conducive environment for the event’s success and maximize its positive impact on the country.
The inclusion of various categories of individuals, from players and coaches to media representatives, underscores the government’s commitment to ensuring all key personnel involved in the tournament are facilitated. This move is expected to streamline the logistical and financial aspects of hosting a major international sporting event like the ICC Champions Trophy.
The notification adds a new clause (98AA) to Part I of the Second Schedule of the Income Tax Ordinance, 2001, formally incorporating these exemptions into the existing tax framework. This legislative amendment signifies the government’s proactive approach in preparing for and supporting the upcoming ICC Champions Trophy 2025.
