Bill listed to replace Ordinance exempting FIIs from tax
The government listed a Bill in Parliament to replace an Ordinance, introduced in June 2026, that had exempted foreign institutional investors (FIIs) and the Bank for International Settlements from capital gains tax and from tax on interest earned on their holdings of government securities. The Bill seeks to give the exemption statutory backing.
Nabka Insight
Ordinance-to-Act conversions and FII taxation are staple polity-economy topics.
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- The Ordinance was introduced in June 2026.
- It exempted FIIs and the Bank for International Settlements from capital gains tax and tax on interest from government securities.
- The new Bill replaces this Ordinance.
Background
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