Lahore 28°C
Islamabad 24°C
Profit on debt
Profit on debt.— Any profit received by a non-resident person on a security issued by a resident person shall be exempt from tax under this Ordinance where—
(a) the persons are not associates;
(b) the security was widely issued by the resident person outside Pakistan for the purposes of raising a loan outside Pakistan for use in a business carried on by the person in Pakistan;
(c) the profit was paid outside Pakistan; and (d) the security is approved by the Board for the purposes of this section.
(a) the persons are not associates;
(b) the security was widely issued by the resident person outside Pakistan for the purposes of raising a loan outside Pakistan for use in a business carried on by the person in Pakistan;
(c) the profit was paid outside Pakistan; and (d) the security is approved by the Board for the purposes of this section.
Amendment history (1)
- The words “Central Board of Revenue” substituted by the Finance Act, 2007.
Amendment notes captured from the source page(s); they may include changes to neighbouring provisions.
Source FBR PDF page 103
Unofficial reference, compiled from the FBR’s consolidated Income Tax Ordinance 2001 (amended up to 30 June 2026). Provided for general information only — not an official FBR publication and not legal or tax advice. Always verify against the official FBR text before relying on it for filing or any decision.