Tax exemption in respect of International Sukuk Issuance under the Government of Pakistan Trust Certificate Issuance Program
SRO 1458(I)/2021 is an Income Tax SRO dated 11 November 2021, listed by FBR as "Tax exemption in respect of International Sukuk Issuance under the Government of Pakistan Trust Certificate Issuance Program".
FBR publishes this SRO as scanned images, so the text below was transcribed by Qanoon Digest from the page images, with tables set out as tables. Check the official PDF before relying on any wording or figure.
Page 1
Government of Pakistan
Revenue Division
Federal Board of Revenue
Inland Revenue
Islamabad, the 11th November, 2021.
Notification
(Income Tax)
S.R.O. 1458(I)/2021.- In exercise of the powers conferred by clause (75) of Part I of the Second Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government as per its decision in Case No. 1028/35/2021, dated the 27th October, 2021, is pleased to approve exemption for the purposes of said clause in respect of any profit on debt and capital gains derived by any agency of foreign government or any non-resident person from International Sukuk Certificates, including tap issues, issued or to be issued from time to time by the Pakistan Global Sukuk Programme Company Limited under its Trust Certificate Issuance Programme.
[F.No.4 (157)IT-Budget/2020]
(Afaque Ahmed Qureshi)
Additional Secretary
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