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Lebanon
AGREEMENT BETWEEN
PAKISTAN AND LEBANON CONCERNING AIR ENTERPRISES
S.R.O. 63(I)/81, dated the 17th January, 1981. - Whereas
the annexed diplomatic notes between the Islamic Republic of Pakistan and the Republic of
Lebanon concerning the reciprocal exemption of income of air enterprises from payment of
Income Tax have been exchanged.
Now, therefore, in exercise of the powers conferred by Section 163 of the Income Tax
Ordinance, 1979 (XXXI of 1979), the Federal Government is pleased to direct that the
provisions of the said notes shall be given effect to in Pakistan.
Annex
NOTES EXCHANGED BETWEEN THE GOVERNMENT OF THE ISLAMIC
REPUBLIC OF PAKISTAN AND THE GOVERNMENT OF LEBANON CONCERNING THE RECIPROCAL EXEMPTION OF
INCOME OF AIR
ENTERPRISES FROM PAYMENT OF INCOME TAX.
| No. Lebn. 11/1(1)/78. ME II. | 24th August, 1980. |
"The Ministry of Foreign Affairs of Pakistan presents its
compliments to the Embassy of the Republic of Lebanon, and with reference to Article 5 of
Decree No. 144, dated June 12, 1959 of the Lebanese Tax Laws, which subject to
reciprocity, grants tax exemption to foreign air enterprises operating in international
traffic, has the honour to inform them as follows -
1. Under S.R.O. 735(I)/77, dated August 10, 1977 issued under section 60 of the Income-tax
Act, 1922, income of a foreign enterprise derived from the operation of aircraft in
international traffic may be exempted from payment of income-tax on a reciprocal basis.
2. A copy of the relevant legal provisions is enclosed herewith.
3. The Government of the Islamic Republic of Pakistan, therefore, confirms the principle
of reciprocity by stating that subject to grant of exemption from income-tax on income of
air enterprises of Pakistan in Lebanon, the Lebanese Air enterprises deriving income from
operation of aircraft from international traffic shall be exempt from income-tax in
Pakistan. The proposed tax exemption would be applicable to the income of the air
enterprises of the respective countries as derived on or after the period from the 1st day
of January, 1960.
The Ministry of Foreign Affairs, therefore, requests the Embassy of the Republic of
Lebanon to confirm that the principle of reciprocity in fiscal matters will be applied to
the air enterprises of Pakistan in the manner stated in the preceding paragraphs.
EMBASSY OF THE REPUBLIC OF LEBANON, ISLAMABAD.
II |
No. 306-F-48. |
EMBASSY OF LEBANON, ISLAMABAD. |
27th August, 1980 |
"The Embassy of Lebanon in Islamabad presents its
compliments to the Ministry f Foreign Affairs of Pakistan, and with reference to the
Ministry Note. LEBN II/1(1)/78, ME-II, dated 24th August, 1980 and to the Pakistan
Income-tax Act, 1922, which stipulates that income of a Foreign Enterprise derived from
the operation of Aircraft in International Traffic may be exempted from payment of
income-tax on a reciprocal basis; and as the Government of Pakistan has confirmed the
principle of reciprocity by stating that subject to grant of exemption from income-tax on
income of air enterprises deriving income from operation of aircraft from International
Traffic shall be exempt from income-tax in Pakistan on or after the period from 1st day of
January, 1960.
The Embassy of Lebanon has the honour to confirm on behalf of the Lebanese Government that
principle of reciprocity by stating that, subject to grant of exemption from income-tax on
air enterprises of Lebanon in Pakistan, the Pakistani air enterprises deriving income from
operation of aircraft from International Traffic shall be exempt from income-tax in
Lebanon; the proposed tax exemption would be applicable to the Income of the Air
enterprises of the respective countries as derived on or after the period from 1st day of
January, 1960.
The embassy of Lebanon avails itself of this opportunity to renew to the Ministry of
Foreign Affairs of Pakistan the assurances of its highest consideration.
THE MINISTRY OF FOREIGN AFFAIRS, GOVERNMENT OF
THE ISLAMIC
REPUBLIC OF PAKISTAN, ISLAMABAD.
ABDUL WAHEED,
Joint Secretary,
[C. No. 2(6) IT-2/62.]
Published in the Gazette of Pakistan, Extraordinary, Pages 123-124(II), dated
24-01-1981.
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