Income Tax Ordinance, 2001

CHAPTER-VII

INTERNATIONAL PART III TAXATION OF NON-RESIDENTS

Income Tax Ordinance, 2001 CHAPTER-VII INTERNATIONAL PART III TAXATION OF NON-RESIDENTS From: 2024-12-29 - To: 0000-00-00 (b) “foreign profit on debt” means interest paid or payable to a non-resident person or an associate of the foreign- controlled resident company and includes- (i) interest on all forms of debt; (ii) payments made which are economically equivalent to interest; (iii) expenses incurred in connection with the raising of finance; (iv) payments under profit participating Scans; . (v) imputed interest on instruments such as convertible bonds and zero coupon bonds; (vi) amounts under alternative financing arrangements such as islamic finance; (vii) the finance cost element of finance lease payments;…