The Economic Coordination Committee (ECC) of the federal cabinet approved income tax exemptions for the International Cricket Council (ICC) in connection with the ICC Champions Trophy 2025 ongoing in Pakistan.
According to a summary by the Revenue Division, these exemptions align with international best practices for hosting global sports events.
The ECC met on Thursday under the chairmanship of Minister for Finance and Revenue, Senator Muhammad Aurangzeb, at the Finance Division, Islamabad and was attended by Minister for Petroleum Musadik Masood Malik, Minister for Industries and Production Rana Tanveer Hussain, Chairman FBR, Chairman SECP, Federal Secretaries, and senior officers from concerned ministries and divisions.
Under the standardised hosting rights agreement between ICC and Pakistan, no taxes or deductions will be applied to ICC revenues, its subsidiaries, associates, officials, and non-resident delegates.
However, Pakistani residents, including the Pakistan Cricket Board (PCB), will remain subject to income tax on their earnings from the tournament. There will also be no exemptions from Sales Tax and Federal Excise Duty (FED).
The tax exemption is not expected to result in a revenue loss, as it was a prerequisite for securing the tournament’s hosting rights.
The committee deliberated on important economic matters and approved key decisions.
