ISLAMABAD: The Federal Board of Revenue (FBR) has officially issued a Statutory Regulatory Order (SRO) granting tax exemption on income earned by the International Cricket Council (ICC) and its officials from the ICC Champions Trophy 2025, held in Pakistan.
Through SRO 579(I)/2025, dated April 9, 2025, the FBR confirmed the exemption of all income earned by non-resident entities and individuals associated with the ICC during the high-profile tournament.
This includes ICC Business Corporation (IBC), ICC officials, agents, players, coaches, and media representatives affiliated with member countries—provided they are not residents of Pakistan.
The FBR introduced this exemption by amending the Second Schedule of the Income Tax Ordinance, 2001. The decision aligns with a directive issued earlier by the Economic Coordination Committee (ECC) of the Cabinet, which met on February 20, 2025. The recommendation was later ratified by the federal cabinet on March 11, 2025, clearing the way for the exemption to take legal effect.
Although the final match of the ICC Champions Trophy 2025 was played on March 9 in Dubai—where India triumphed over New Zealand—the majority of the tournament’s matches were hosted across major cities in Pakistan, showcasing the country’s capability to organize international cricket events on a grand scale.
The FBR’s exemption covers not only the ICC and IBC, but also extends to employees, coaches, medical personnel, and media representatives affiliated with participating member countries. However, the relief strictly applies to non-residents.
This move is seen as a gesture of goodwill and commitment to international sporting cooperation. It also reinforces Pakistan’s dedication to meeting international standards and obligations associated with hosting global sports events.
By issuing this exemption, the FBR aims to foster future collaborations with global sports bodies, ensuring smooth financial operations and enhanced international confidence in Pakistan’s regulatory framework.
