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

50. Foreign-source income of short-term resident individuals.— (1) Subject to sub-section (2), the foreign-source income of an individual 3[ ] — (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.

Effective date: 2001-09-13

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