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Tax Exemption of Foreign Source Income of Returning Expatriates
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Tax Exemption of Foreign Source Income of Returning Expatriates

Tax Exemption of Foreign Source Income of Returning Expatriates

Tax Exemption of Foreign Source Income of Returning Expatriates. According to Section 51 of Income Tax Ordinance, 2001 foreign source income of returning expatriates is exempt from tax.

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Following is the text of Section 51 of the Income Tax Ordinance, 2001:

(1) Any foreign source income derived by a citizen of Pakistan in a tax year who was not a resident individual in any of the four tax years preceding the tax year in which the individual became a resident shall be exempt from tax under this Ordinance in the tax year in which the individual became a resident individual and in the following tax year.

(2) Where a citizen of Pakistan leaves Pakistan during a tax year and remains abroad during that tax year, any income chargeable under the head “Salary” earned by him outside Pakistan during that year shall be exempt from tax under this Ordinance.

Definition of Returning Expatriates

An expatriate is an individual who does not reside in his native country. It also refers to a person who is intending to returning to his native country after spending a period of time in foreign country.

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FBR | Federal Board of Revenue

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