ITO Section 50 | Foreign-source income of short-term resident individuals:

ITO Section 50

Foreign-source income of short-term resident individuals:

(1) Subject to sub-section (2), the foreign-source income of an individual —

• (a) who is a resident individual solely by reason of the individual’s employment; and
• (b) who is present in Pakistan for a period or periods not exceeding three years,

shall be exempt from tax under this Ordinance.

(2) This section shall not apply to —

• (a) any income derived from a business of the person established in Pakistan; or
• (b) any foreign-source income brought into or received in Pakistan by the person.