The advance tax rates on return on investment in sukuk for the tax year 2022 are under the First Schedule of the Income Tax Ordinance, 2001.
The rate of tax to be deducted on return on investment in sukuks from a sukuk holder shall be—
(a) 25 per cent in case the sukuk-holder is a company;
(b) 12.5 per cent in case the sukuk-holder is an individual or an association of person, if the return on investment is more than one million;
(c) 10 per cent in case the sukuk-holder is an individual and an association of person, if the return on investment is less than one million;
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