Tax Consultancy, Taxation

Income from investment in sukuk

Posted on by Muhammad Waheed Ensari

Income from investment in sukuk

Income from investment in sukuk: Currently, law is unclear about the nature of tax regime applicable to income arising from money invested in SUKUK as mentioned in section 5AA. Now the Finance Bill seeks to make a technical correction by including the said income in purview of section 8 of Income tax ordinance, 2001. Now, the said income shall be covered under Final Tax Regime.

For more information on FBR’s new regulations / circulars/ SROs/ amendments in taxation laws in Pakistan please visit https://www.fbr.gov.pk/

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Muhammad Waheed Ensari

Founder & CEO, BeSpoke Consulting and Training with 20+ Years of Professional Experience (International and National) in the field of Business Development, Taxation, Accounting, Finance & Auditing with good understanding of financial management system. Strong exposure in the field of general accounting, G/L maintenance, financial reporting and Internal control procedures. Expert in handling people of diverse nationalities, and renowned for being an excellent team player with a positive “can do” attitude. Energetic & self-motivated with a high degree of cultural sensitivity.

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