Ispahani Islamia Eye gets tax exemption for 5 years
The National Board of Revenue (NBR) has granted tax exemption to Ispahani Islamia Eye Institute & Hospital (IIEI&H) on its earnings from the services provided to the public.
The benefit will be retrospectively valid from May 30, 2018 for five years, according to a notice of the revenue board issued recently.
“The tax exempted income should be spent on education, public welfare and health care services of Ispahani Islamia Eye Institute & Hospital,” it said.
The notice added the hospital has to submit income tax return along with its audited accounts.
Set up in 1960 by philanthropist MA Ispahani as a not-for-profit hospital, IIEI&H provides eye care to all segments of society.
It also trains doctors, surgeons and paramedics with a view to building the capacity of the nation in eye care services, according to its website.
The hospital served nearly 900,000 out-patients in 2017, up from less than 200,000 in 2001.
It performed nearly 50,000 surgeries last year, up from around 10,000 in 2001, according to the IIEI&H.
Comments