Income Tax Act 2023
Section 122 - Collection of tax from Clearing and Forwarding Agents
(as updated till Finance Act 2024)
The Commissioner of Customs shall make collection on account of commission receivable by clearing and forwarding agents licensed under 1[the Customs Act, 2023 (Act No. LVII of 2023)] at the rate of 10% (ten percent) on such commission at the time of clearance of goods imported or exported.
1 The words, figures, marks and brackets “the Customs Act, 2023 (Act No. LVII of 2023)” were substituted for the words, figures, marks and brackets “the Customs Act, 1969 (Act No. IV of 1969)” by section 24(c) of the Finance Act, 2024 (Act No. V of 2024) with effect from 1st July 2024.
Disclaimer: This is the authentic English text of the Income Tax Act 2023, as published under SRO No. 404-Law/2025 dated 08 October 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.